Flexible Spending Plans
A Flexible Spending Plan provides you with a way to save money on your health and/or dependent care expenses. It is classified as a "Cafeteria Plan" for federal income tax purposes.
Employee groups eligible to participate are listed in the ISD 279-Osseo Area Schools Benefits Booklet. You must re-enroll prior to each plan year for the dependent care and health care reimbursement accounts. Open enrollment is around the first two weeks of May each year and the plan year is July 1 through June 30. You must submit receipts within 90 days of the end of the plan year for reimbursement, or your funds are forfeited.
There are 3 types of flexible spending accounts:
- Dependent Care (Day Care)
- Full Medical Flexible Spending
- Limited Medical Flexible Spending (vision and dental expenses only are eligible for reimbursement)
Health Savings Accounts (HSA)
A Health Savings Account can be funded with your tax-exempt dollars by you, your employer, or both. Dollars from the account can help pay for eligible medical expenses not covered by an insurance plan, including the deductible, coinsurance and, in some cases, health insurance premiums.
Plan Administrator
- Further
- 800-859-2144
Related Resources
- Flexible Spending Plan Enrollment Form
- Further Qualifying Event Notification Form
- Health Savings Account Change Form
- Health Savings Account Enrollment Form