Flexible Spending Accounts

STMA offers Medical Flexible Spending Accounts and Dependent Care Flexible Spending Accounts for all employees working 15 or more hours per week through Select Account. Plans run October - September.

Flexible Spending Accounts allow employees to set aside money to pay for Dependent Care Expenses, Eligible Medical Expenses & some Over-The-Counter Medical Expenses with pretax money.

New employees have 27 days to enroll on EaseCentral. Mid-year changes can only be made with a Qualifying Event on EaseCentral.

Open enrollment is August 21, 2017 through September 8, 2017 for plan year October 2017 - September 2018. Employees need to re-enroll each year on EaseCentral

For more information, visit Select Account's website at www.selectaccount.com View Select Account's website tutorial

Maximum Elections:

Medical Flexible Spending:

  • Maximum annual election $2,600 (individual)

Dependent Care Flexible Spending:

  • Maximum annual election $5,000 (parents combined FSA election)

Flexible Spending Account Quick Start Guide

Flexible Spending Informational Video

Flexible Spending Plan Document

Rollover Option

The Affordable Care Act (ACA) modified medical flexible spending plans to allow for a $500 rollover. This means that if you do not incur qualified medical expenses before September 30, 2017, instead of losing this money, you can rollover up to $500 of your annual election to use in the next plan year.

HSA limitations: if you have a current FSA that rolls over, this will disqualify you from contributing or receiving district contributions to a HSA for the entire plan year unless the FSA is a limited (dental & vision) plan Select Account will automatically limit your FSA if you open a HSA through ISD 885 or Select Account. If you open an HSA with another vendor, you will need to limit your account manually. You can designate your medical FSA to be limited by creating or logging in at www.selectaccount.com

Forms

FSA Direct Deposit Authorization

FSA Crossover Election/Waiver

FSA Debit Card Request Form

FSA Medical Claim Form

FSA Dependent Care Claim Form