Flexible Spending enables you to pay with pre-tax dollars eligible out-of-pocket medical, dental, vision and hearing expenses not covered by insurance as well as child/elder care. 

Participants save by not paying federal, state, or Social Security (FICA) tax on the elected amount(s). 

Plan highlights:

• From Monday, April 21st through Friday, May 2nd, enroll in the FSA plan, administered by Ceridian, effective June 1st.  Submit enrollment forms directly to HR.

• Short Plan Year!  Allocate for expenses expected from June 1- December 31, 2008.  Beginning January 1, 2009, this benefit will move to a calendar year and you will again elect a flex amount.
• There will be no 2 ½ month extension for incurring expenses during this 7-month period.
• You MUST re-enroll if you participated in the FSA plan before; IRS regulations require participants to re-enroll for the FSA plan every year
• You don’t have to re-enroll in the reimbursement direct deposit program if you already have it.  If you would like to begin direct deposit, you may enroll at this time.
• You must re-enroll in the Blue Cross Blue Shield automatic claim submission if you previously participated in this plan.

Those currently enrolled for FSA have an extra 2 ½ months or until August 15, 2008 to incur expenses against the amount elected in the 2007-2008 plan year.  The deadline for submission of claims for reimbursement is August 29, 2008.  Claims received by Ceridian after August 29th will not be honored.

Informational Sessions

HR will be hosting information sessions for employees at the various campuses.  Plan to attend a session most convenient for you.  Please contract Human Resources at 312-567-3318 or hr@iit.edu with questions.

Details about meetings at the NCFST, Institute of Design and Rice Campus will be forthcoming.