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Flexible Spending Accounts
Flexible Spending Accounts (FSAs) are offered for eligible medical (MCAP) and dependent care (DCAP) expenses.
The Flexible Spending Accounts, administered by the Fringe Benefits Management Company, are available to Illinois State University employees who are:
- Working full-time or part-time at 50% or greater
- Receiving a paycheck from which deductions can be taken
- Eligible to participate in the state employees' group insurance health plan
- Special Note to DCAP participants: if you are married, your spouse must also be gainfully employed, a full-time student, disabled and incapable of self-care, or seeking employment and have income for the fiscal year
Flexible Spending Accounts feature:
- IRS-approved reimbursement of eligible expenses tax-free
- Per-pay-period deposits from your pre-tax salary
- Security of paying anticipated expenses with your FSA
For more information about Flexible Spending Accounts, please review:
Forms
- Enrollment/Change in Status Form (MCAP)
- Enrollment/Change in Status Form (DCAP)
- Reimbursement Form (DCAP & MCAP)
- COBRA Election Form (MCAP only)
- FBMC Direct Deposit Form
