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Flexible Benefit Plan

Effective 1/1/2013 the University of Arkansas changed Flexible Spending Account Administrators from QualChoice to UMR (a division of United Healthcare).   QualChoice will administer the UA's 2012 FSA plan through 4/30/2013.   Employees who participated in an FSA in 2012 and who still have account balances will have until 3/15/2013 to incur expenses that can apply to their 2012 FSA balances.   All requests for reimbursement from your 2012 FSA accounts must be received by QualChoice no later than 3/31/2013.   Your QC Flex Benefit Card (Health Care Reimbursement only) will continue to work through 3/15/2013 for expenses that you want to apply to your 2012 balances.  Remember, any FSA expenses incurred through 3/15/2013 that you want to apply to your 2012 FSA plan must be sent to QualChoice and not UMR.

The Flexible Benefit Plan is a voluntary employee benefit plan established by your employer under Section 125 of the IRS Code which permits employees to pay for certain eligible expenses with pre-tax dollars. Get the full Flexible Benefit Plan Summary Plan Description.

Click Here to access additional FSA information from UMR's website.

Premium Conversion

Premium Coversion allows you to pay your Medical, Dental and Vision Insurance Premiums on a tax-exempt basis.   Your premiums are deducted from your pay before federal, state, and social security taxes are calculated.   Once you elect to "pre-tax" your premiums, you cannot change or cancel your premiums during the calendar year unless you are with 31 days of a qualifying event as defined by the IRS.   Qualifying events are generally related to family status changes such as marriage, divorce, and birth.  

Flexible Spending Accounts

Flexible Spending Accounts allow you to have tax exempt dollars deducted from your paycheck to cover unreimbursed health and dependent care expenses.


Consider enrolling in a Health Care Reimbursement FSA if you have out-of-pocket medical expenses like co-payments, co-insurances, deductibles, dental care, vision care, eyeglasses, and contact lenses. The maximum annual contriubtion to health care is $2,500, the minimum contribution is $120.


Consider enrolling in a Dependent Care Reimbursement Account if youhve qualifying daycare day care expenses for dependent children under age 13 ir and elderly person or persons with a disability as long as they are claimed as dependents for federal tax purposes.  The maximum annual contribution is the lesser of $5,000, your salary, your spouse's salary or your eligible expenses; the minimum annual contribution is $120.

To participate in the Flexible Benefit Plan, you must be an active, regular, fulltime or part-time appointed employee of the University who works twenty or more hours a week.

When am I eligible to participate?

As a new employee you are eligible to participate on the date you satisfy the eligibility requirements. You have 31 days from your date of eligibility to complete your elections. Reductions will begin on the first pay period thereafter. All Benefits Eligible employees may elect the Flexible Benefit Plan during the annual election period held each November.

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How and when can I change my annual election?

Changes to your Flexible Benefit Plan may only be made in the annual election period held each November or with a qualifying event.

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How does the plan work?

Each employee may elect to contribute a specified amount of her or his pre-tax salary to the Plan. These contributions are then used to pay for eligible expenses on your behalf.

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What expenses are eligible?
Health Care Reimbursement Expenses include co-insurance, co-payments and physician charges that exceed medical plan limits or "reasonable and customary" fees, annual Physicals, routine lab exams and x-rays, dental work not covered by a plan, eye exams, glasses and contact lens, hearing exams and hearing aids, guide and service animals, specially designed shoes, guide for a handicapped individual, medical data maintenance and retrieval, legal fees required for commitment to an institution or hospitalization.


Dependent Care Expenses Care Reimbursement Accounts can be used to pay those costs of dependent care that enable the employee to work, such as day care or after-school care expenses for a child under age 13, or care for a spouse or adult dependent incapable of self-care.


See the FSA Summary Plan Description for a sample listing of eligible FSA expenses. 

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How are my expenses paid?
To receive a reimbursement for expenses under the Health Care and/or Dependent Care you must submit a Flexible Benefit Plan reimbursement form.

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What is Forfeiture?

In exchange for the tax benefits you receive under the Plan, the IRS requires that any unused funds in your account at year end be forfeited and returned to your employer.

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Special Note for Taxes

If you are reimbursed for these expenses through the Health Care Reimbursement Account, you cannot claim them as a deduction on your income tax.

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FSA Contacts

UMR (for 2013 Claims)
PO Box 8022
Wausau, WI  54402-8022
Phone: 888-438-6105
Fax: 1-877-390-4782
E-mail:  umr-fsa@umr.com

http://www.umr.com    

 

QualChoice (for 2012 Claims)
ATTN:  FSA Department
PO Box 25610
Little Rock, AR  72221
Phone: 866-724-3570
Fax Manual Claim:
1-855-800-0938 or
1-501-707-6845

https://www.qualchoice.com