Flexible Spending Accounts
University of Illinois employees are eligible to enroll in the State of Illinois Flexible Spending Accounts (FSAs). FSAs allow employees the opportunity to use pretax dollars for eligible medical and/or dependent care expenses.
Participation is voluntary and must occur at the beginning of employment, during the Benefit Choice period, or, when experiencing a qualifying event. Contributions can be made only through payroll deduction and cannot be changed unless one of the above circumstances occurs.
It is the employee's responsibility to file reimbursement claims by submitting the FSA Reimbursement Claim Form with the proper documentation to the WageWorks. Reimbursement claims can be submitted up to three months following the close of the plan year. After September 30, any amounts remaining in the FSAs from the previous year (July 1-June 30) will be forfeited according to IRS regulations.