Have you considered participating in the Flexible Spending Account (FSA) Plan? It’s a simple way to save money using tax-free dollars to pay for eligible medical and/or dependent care expenses. You can reduce your taxable income by enrolling in this plan.
Why Should I Consider Participating in the FSA?
Use tax-free dollars to pay for eligible expenses, which may include:
- Medical Care (MCAP) – Co-pays and out-of-pocket expenses, eye glasses, hearing aids, physical therapy, prescription medications, and more.
- Dependent Care (DCAP) – Child and elder day care, before- and after-school care, summer day camp, nursery school, pre-school, and more.
When Can I Enroll?
You can enroll during Benefit Choice beginning May 1 on the new CMS MyBenefits Marketplace website.
What If I'm Already Enrolled?
To continue your enrollment in the Medical Care Assistance Plan (MCAP) and/or Dependent Care Assistance Plan (DCAP), you must re-enroll during Benefit Choice for the upcoming plan year (July 2017 – June 2018).
You will make your Benefit Choice elections, including MCAP and DCAP enrollment, on the new CMS MyBenefits Marketplace website. As a reminder you may roll over up to $500 of your unused balance to the next plan year, but only if you re-enroll.
Questions?
See Flexible Spending Accounts for more information about the MCAP and DCAP. Contact the MyBenefits Marketplace Service Center with FSA or State of Illinois insurance questions. Bilingual customer service representatives are available.
- Phone: 844-251-1777 or TTY 844-251-1778
- Hours: 8:00 a.m. – 6:00 p.m. CT Monday through Friday
For other questions, contact University Payroll and Benefits:
