Please note: Under National Health Reform, the many over-the-counter items previously allowed can no longer be submitted to Health Care Spending Accounts.
UMR is the administrator of our spending accounts. By participating, you set aside money from your paycheck on a pre-tax basis, and then use the money to pay for eligible health care and/or dependent care expenses. The net effect is that you reduce the amount of your out-of-pocket costs by the amount of taxes you otherwise would have had to pay.
For a complete listing of expenses the IRS considers eligible for spending account reimbursements, go to www.irs.ustreas.gov.
All eligible expenses must be incurred during the calendar year for which you make your contribution. Under IRS rules, if you do not spend the money in your account by the end of the year, the remaining money is forfeited.
REMEMBER: USE IT OR LOSE IT.
Health Care Spending Accounts
Health Care Spending Account total levels need to be between $100 and $2,500. Per IRS regulations, any claim paid for with pre-tax money cannot then be recorded as an expense on your tax return.
When submitting for reimbursements, you must show that you paid for the charge and that your insurance company did not. You may download reimbursement forms below, from www.umr.com or by contacting your Human Resources office.
You may request to be "automatically reimbursed." This means if you pay a co-pay at the doctor or pharmacy, UMR—our spending account administrator—will automatically mail you a check for reimbursement!
|TYPICAL ELIGIBLE EXPENSES|
Dependent Care Spending Accounts
These accounts are more complicated than the Health Care Spending Accounts, but are still worth considering. By contributing to a Dependent Care Spending Account, you can set aside pre-tax money to pay the cost of caring for a child or other eligible dependent while you and your spouse or partner are at work. Several factors need to be considered before you enroll in this account:
Spending Account Forms and Documents
Please download, complete and submit the appropriate form to file a claim or to direct payment:
For more information about the Health Care and Dependent Care Spending Accounts, refer to the:
In most cases you cannot make changes to your benefit elections during the year unless you have a change in family or employment status — what the IRS calls a "qualifying event."