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Benefits Bulletin: Flexible Spending Account Reminder

All regular faculty and staff members who contributed to Flexible Spending Accounts (FSAs) for health care or day care during the first six months of this calendar year (January – June 2005) have until Saturday, Oct. 15 to submit their requests for reimbursement for eligible expenses incurred during that period. Requests for reimbursement should be faxed or mailed directly to Erisa Administrative Services (EAS) and must be received or postmarked by October 15. Under Internal Revenue Service rules, all FSA contributions made during this period and not claimed for reimbursement by the October 15 deadline will be forfeited. Reimbursement forms are available from Towson University?s Office of Human Resources or can be downloaded from the EAS Web site ({http://www.flexmd.org}).

Regular faculty and staff members who are currently contributing to FSAs since July 1, 2005 with the State?s new administrator SHPS, Inc., will have until October 15, 2006 to request reimbursement for their contributions made between July 1, 2005-June 30, 2006.

Questions should be directed to Dave Curtis, x4-6018 or {dcurtis@towson.edu} or Gail Price, x4-6017 or {gprice@towson.edu}.

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