Flexible Spending
2011 Flexible Spending Account Changes
Beginning January 1, 2011, there are new mandates concerning over-the-counter (OTC) medicine be prescribed by a doctor to be eligible for reimbursement under health flexible spending accounts. Click here for more details.
MEDICAL MUTUAL FLEXSAVE
Your benefit coverage at Kent State University provides coverage for a variety of expenses. Still, there are some types of expenses not covered under the program. That's why we offer a program called Flexible Spending Accounts that let you use pre-tax dollars to pay for certain health care and dependent care expenses.
Some questions may be answered by clicking the following links:
Flexible Spending, How it Works
Flexible Spending Tax Advantages
There are two types of flexible spending accounts:-
Health Care Flexible Spending Account - allows you to reimburse yourself for certain medical, dental and vision expenses not covered under the health care plans.
- Dependent Care Flexible Spending Account - allows you to reimburse yourself for eligible day care expenses for your eligible dependents.
Flexible spending accounts are an excellent way to set aside money for your vision, dental and medical expenses or dependent care expenses and save taxes at the same time.
Please note: Eligible expenses and requirements are subject to IRS regulations.
NOTE: **If an employee wishes to utilize this benefit, the employee MUST re-enroll EACH YEAR they wish to participate.