Medical Expense FSA
- Minimum contribution for 2017 is $240 annually
- Maximum contribution for 2017 is $2,600 annually
Dependent Care FSA
- Maximum contribution for 2017 is $5,000, if married filing jointly or $2,500 individually
How can this help you?
By implementing a Flex Plan, The School District of Lee County is helping you reduce your taxes and increase your spendable income. The cost savings advantage of the plan is simple - any benefit costs or insurance premiums you pay under the Plan, are paid for on a pre-tax basis.
The following insurance Benefits may be purchased under the Flex Plan with premium paid on a pre-tax basis:
- Group Health Insurance
- Dental Insurance
- Vision Insurance
- Cancer Insurance
Enrolling in the Flex Plan does not enroll you in the individual Benefits listed above.
The District's Flex Plan includes Spending Accounts that allow you to be reimbursed for certain types of expenses on a tax-free basis. There are two (2) types of Spending Accounts:
- Medical Expense
- Dependent Care
Who is eligible to participate in the Flex Plan?
May I change my benefit elections or Flex Plan election?
The Flex Plan election you make remains in effect for the entire Flex Plan Year (April through March. You will only be allowed to make a change in your Flex Plan status during the designated Annual Enrollment Period or as a result of a qualified Family Status Change (see list below). Therefore, if you are enrolled in the Flex Plan, you will also only be allowed to make changes to any of the Benefits available under the Flex Plan (i.e. health, dental, vision, etc.) as a result of a qualified Family Status Change or during the Annual Enrollment Period. Any changes requested as a result of a qualified Family Status Change, must be on account of and consistent with the qualifying event.
Your request to make any changes must be received in Insurance & Benefits:
- within 30 days of a Family Status Change to add coverage;
- within 60 days of a Family Status Change to terminate coverage.
The following events are qualified Family Status Changes:
- Events that change an Employee's legal marital status, including marriage, death of his or her spouse, divorce.
- Events that change an Employee's number of Dependents (as defined in Code Section 152), including birth, adoption, placement for adoption, or death of a Dependent;
- Events that change employment status of the Employee, the Employee's Spouse, or the Employee's Dependent, including termination or commencement of employment, going from part-time to full-time of the reverse, a strike or lockout, a commencement of or return from an unpaid leave of absence, or changes made during open enrollment periods that affect your Dependents coverage;
- Events that change an Employee's dependency status, causing a Dependent to satisfy or cease to satisfy Eligibility requirements for coverage on account of attainment of age, student status, or any similar circumstance.
- Events that significantly change a Dependent's employer-provided group coverage.
PLEASE NOTE: The loss of Healthy Kids is a qualified family status to add coverage. However, the gain of Healthy Kids is NOT A QUALIFIED FAMILY STATUS CHANGE TO TERMINATE COVERAGE.