NMU offers two types of Flexible Spending Accounts (FSA's) which allows full-time employees to deposit money on a pre-tax basis from their paycheck into an account. The two accounts are known as 1) the FSA for health care expenses; and 2) the FSA for dependent care expenses. Funds can then be withdrawn from your account to cover approved out-of-pocket expenses for health care or dependent care.
Beginning with plan year 2014, the University amended its plan to allow employees to carry over up to $500 of unused funds at the end of the plan year. The carry-over provision pertains to the health FSA only—not the dependent care.
Any unused funds in excess of $500 in the health FSA at year-end will be forfeited. If you are not certain what your out-of-pocket expenses may be, we do encourage you to make a conservative estimate regarding your contribution amount.
- UNDER THE PATIENT PROTECTION AND AFFORDABLE CARE ACT (PPACA), CERTAIN OVER- THE-COUNTER ("OTC") DRUGS PURCHASED AFTER DECEMBER 31, 2010, WILL NO LONGER QUALIFY AS AN ELIGIBLE EXPENSE FOR REIMBURSEMENT FROM AN FSA or HRA UNLESS A PRESCRIPTION IS OBTAINED.
- WageWorks Account Login
- HRA and FSA Qualified Expenses
- HRA Plan Description
- FSA Plan Description
- FSA Open Enrollment
- Healthcare Flexible Spending Account
- Dependent Care Flexible Spending Account
- FSA Store
Please visit takecarewageworks.com to learn more about the plan and, if enrolled, access your account information.If you have questions, please contact TakeCare® WageWorks customer service at 1-800-950-0105 (M-F from 9am to 8pm EST)