Health Care Spending Accounts

Health Care Spending Account contributions can be between $100 and $2,550. Per IRS regulations, any claim paid for with pre-tax money cannot then be recorded as an expense on your tax return.

All eligible expenses must be incurred during the calendar year for which you make your contribution. You are allowed to rollover up to $500 into the next calendar year. Under IRS rules, if you do not spend the money in your account by the end of the year, any remaining money over the amount of $500 is forfeited.

You may request a “benny card,” which is a MasterCard linked to your account for instant reimbursement. Documentation must match the purchase on the benny card exactly or else the card could be suspended until resolved.

or

You may request to be "automatically reimbursed," if also enrolled in the UMR medical plan. This means if you pay a co-pay at the doctor or pharmacy, UMR will automatically mail you a check for reimbursement.

TYPICAL ELIGIBLE EXPENSES
  • Acupuncture
  • Alcoholism treatment
    program
  • Ambulance
  • Artificial limbs
  • Artificial teeth
  • Birth control pills
  • Braille books/magazines
    (extra cost)
  • Car modification for a
    disability
  • Childbirth classes
    (mother)
  • Chiropractic care
  • Christian Science
    practitioners
  • Co-insurance charges
  • Contact lenses/supplies
  • Crutches
  • Deductibles and
    co-pays
  • Dental treatment
  • Drug addiction treatment
  • Eyeglasses
  • Hearing aids and batteries
  • Hospital fees
  • Laboratory fees
  • Laser eye surgery
  • Massage therapy
    (if prescribed by MD for specific diagnosis and provided by a licensed therapist)
  • Medical services provided by a licensed practitioner
  • Mileage ($.24 in 2013)
  • Nursing home charges
  • Operations
  • Optometry
  • Optical care
  • Organ transplants
  • Orthodontics
  • Osteopathic treatment
  • Oxygen
  • Physical exams
  • Prescription drug
    co-pays
  • Prescription vitamins
  • Prosthesis
  • Psychiatric care
  • Radial keratotomy
  • Sterilizations
  • Wheelchair
  • X-rays
  • Thermometer

For a complete listing of expenses the IRS considers eligible for spending account reimbursements, go to www.irs.ustreas.gov.

Dependent Care Spending Accounts

By contributing to a Dependent Care Spending Account, you can set aside pre-tax money to pay the cost of caring for a child or other eligible dependent while you and your spouse or partner are at work. Several factors need to be considered before you enroll in this account:

  • You must provide your provider’s tax ID number
  • You may contribute between $100 and $5,000 into your account.
  • You may not change your mind after enrollment unless there has been a qualifying event. However, qualifying events have been liberalized by the IRS: if your daycare provider changes their fees or if your mother moves in next door, YOU MAY MAKE MID-YEAR CHANGES!
  • You may ask payroll to accelerate your deductions.