New Flexible Spending Account Vendor Coming Soon!
We are implementing a new Flexible Spending Account (FSA) vendor in order to provide better participant services, improved online access, and smart phone applications.
Custom Benefit Administrators (CBA) will take over effective August 1, 2014. Existing "Benny" FSA debit cards from the previous vendor, Benesyst, were deactivated on July 18, 2014. Benesyst is no longer accepting paper claim forms. For more information regarding the transition to CBA, please refer to the FSA FAQs and review the key dates below:
Phone: (855) 236-3797
July 21, 2014:
July 25, 2014:
- Benesyst processes final claims.
August 1, 2014:
- CBA web portal available to all participants.
- CBA processes all claims received.
August 12 - 15, 2014:
- Participants receive new CBA "Benny" medical FSA debit cards.
The university offers two optional flexible spending accounts (FSA) to help you pay for eligible health and/or dependent care expenses using pre-tax dollars deducted from your paycheck.
Your contributions for both plans are deducted before federal, state and Social Security taxes are withdrawn, saving you money on taxes.
Health Care flexible spending accounts can be used for medical expenses not covered by your group plan. The maximum annual contribution for 2014 is $2,500 per individual.
Dependent Care flexible spending accounts can be used for adult or child day care expenses. The maximum annual contribution for 2014 is $5,000 per household ($2,500 if married and filing separately).