The FCSU and it's Member Schools provide the following pre-tax benefit options:
The 125 Cafeteria Account plan allows eligible faculty and staff to have a portion of the premium payment for health and dental insurances deducted from their pay on a pre-tax basis.
The 125 Flexible Spending Account also has an option for eligible faculty and staff to have pre-taxed payroll deductions for eligible health and/or dependent care expenses.
- Employees do not have to be a participant in the group health plans in order to enroll in this option.
- There are date sensitive criteria with these plans that require a ‘use it or lose it’ proposition.
- These accounts are optional and are subject to conditions found in IRS regulations.
- Employees may be responsible for an administrative fee of $2.75 per month to maintain the plan.
Employees must submit a form each year, to the benefit coordinator whether enrolling in any, all or none of the options regarding flexible spending arrangements.
- Full Forms Kit
Contains worksheets, forms, lists, plan description and the enrollment form; all you need for the program - FY12 Enrollment form
Flexible spending form includes an area in which the employee may elect "cash in lieu" of health insurance. [Cash Option] - Other Terms and Conditions Statement
Please read this statement before completing your enrollment form - Personal Information Form
This form, along with the enrollment form, is provided to the third party administrator and is used to manage employee accounts.
The third party administrator of our plan is:
Future Planning Associates
18 Blair Park, PO Box 905
Williston, VT 05495
our representative; Christine Leahy, 857-0700
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