Have you considered participating in the State of Illinois Flexible Spending Account (FSA) Plan? If you spend $240 or more per year on recurring eligible medical or dependent care expenses, then you may save money by paying for them with an FSA. You can reduce your taxable income when you contribute to this plan.
By participating in the FSA, you can 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, over-the-counter medication and prescriptions not prescribed by a physician, menstrual care products, and more.
- Dependent Care (DCAP) – Child and elder day care, before- and after-school care, summer day camp, nursery school, pre-school, and more.
For more information about the MCAP and DCAP, see the Flexible Spending Account.
For help estimating your annual Medical Care and/or Dependent Care expenses, and potential savings, try out the ConnectYourCare FSA Calculators.
If you would like to participate in the MCAP and/or DCAP, you will be able to enroll during Benefit Choice this May 1 – June 1, 2020. Yearly reenrollment is required to continue participation.
Questions?
For questions about Flexible Spending Accounts or other State of Illinois benefits, contact the MyBenefits Service Center:
- Phone: 844-251-1777 or TDD/TTY 844-251-1778
- Hours: 8:00 a.m. – 6:00 p.m. CT Monday through Friday
For other questions, contact University Payroll & Benefits:
