Custom Benefits Services' Flexible Spending Account plan allows employees to have qualifying expenditures taken out through payroll deduction prior to Social Security and federal income tax calculations. By enrolling in any of the flex accounts you have the opportunity to reduce your payroll taxes.
Beginning January 1, 2013, the different flex account options are as follows:
If you choose to participate in any of these programs, you will be able to make changes to your initial elections only if you experience a qualifying status change as defined by Section 125 of the IRS Code. Changes must be requested within 31 days of the event. Participation is effective on the first day of the month following your hire date and runs through Dec. 31 of the same calendar year. You have the opportunity to re-enroll each year for coverage starting Jan. 1.
You will automatically be enrolled in the premium account. This means that any premiums you pay for health, dental and/or vision will be on a pre-tax basis. If you do not wish to participate in the premium account, you must complete a Cafeteria Plan form to waive the option. The form can be obtained from the Office of Human Resources.
If you wish to participate in the Medical and/or Dependent Care Reimbursement Account, you must complete the Cafeteria Plan form or make your annual selection online via eBenefits. The annual amount you designate on your Benefits Election Form, or online via eBenefits, will automatically be deducted from your paycheck over your contract period and deposited into your FLEX account. Once you incur an eligible expense, you need to submit a reimbursement request. Reimbursement Claim forms are available at the Office of Human Resources. After your request has been reviewed by our FLEX Plan administrator, a reimbursement check will be issued to you from the fund in your account. You may also request a FLEX Plan Debit Card during your online enrollment process.
The IRS has placed some restrictions on reimbursement accounts:
For more information about the FLEX Plan, please download this information packet.
Contact Human Resources
Seminole State College
100 Weldon Boulevard
Sanford, FL 32773-6199