Vanderbitl my vu1/15/2024 ![]() If both spouses work, both can claim up to $3,050. With the health care FSA, you can pay for your and your dependents’ eligible health-related expenses, up to the IRS limit of $3,050 per year.Vanderbilt offers a health care FSA and a dependent day care FSA. Upon return to work, the remaining FSA election will be recalculated based on remaining payrolls and deducted from your pay. If you are on an unpaid leave and have a Flexible Spending Account (FSA), your payroll contributions will stop until you return to work. Please plan your election amount carefully. This grace period allows participants to incur claims up until March 15 of the following plan year. You do have a grace period in which you are allowed additional time to incur claims for reimbursement. The money contributed to your FSA account must be used during the calendar year it does not carry over from year to year. If both spouses work, both can claim $2,500 - for a total household limit of $5,000. The annual election minimums and maximums for Dependent Day Care FSA are $104 to $2,500 per employee. The day care must be used as a means to allow you and/or your spouse to be gainfully employed. Dependent Day Care FSA reimburses the cost of day care expenses for your children (under the age of 13) or other eligible dependents (learn more irs.gov).If you are married and you and your spouse are employed and offered FSA’s, the maximum election is $$3,050 each. The annual election minimums and maximums are $104 to $3,050 per employee. Health Care FSA reimburses items such as eyeglasses, copayments, prescriptions and over-the-counter drugs - any eligible health care expenses that are not covered by a benefit plan.There are two types of Flexible Spending Accounts at Vanderbilt: For reimbursement from your FSA account(s), you submit a claim form and required documentation to the spending account administrator, Benefit Express/WEX. ![]() You save money due to a decrease in your taxable income. "Pre-tax" means you do not pay federal income or FICA taxes on the amount of money you put in the FSA. How to set up direct deposit for FSA reimbursementsįlexible Spending Accounts (FSAs) enable you to set aside some of your pay, on a pre-tax basis, into an account to pay for eligible health care or dependent care expenses.The university, in close consultation with experts at Vanderbilt University Medical Center and the School of Nursing as well as national, state and local public health officials, is closely monitoring changes in the pandemic and will update the community if any changes are made to buildings operational hours or card access. The health and safety of the Vanderbilt community is the highest priority. Saturday and Sunday, swipe access only, 9 a.m.–11 p.m.įor the latest operational hours, please visit the Student Centers website.After-hours access is open to residents only.Į.Saturday and Sunday, swipe access only, 9 a.m.–midnight.Saturday and Sunday, swipe access only, 9 a.m.–11 p.m.Saturday, swipe access only, 9 a.m.–11 p.m.Sunday, swipe access only, 9 a.m.–7 p.m.Saturday, swipe access only 9 a.m.–11 p.m.Monday through Thursday, 7 a.m.–7 p.m.Student Centers will have set operational hours, and select Vanderbilt University community members will have access to these spaces. Therefore, it is highly encouraged that everyone carries your VU ID card in case the building you are attempting to enter requires card access. Undergraduate students, faculty, staff, graduate and professional students will have card access to appropriate residence halls, academic buildings and libraries. Most academic buildings, including the libraries, will be locked 24/7. As the university welcomes back students, faculty and staff for the 2021–22 academic year, many buildings, including student centers and academic buildings on campus, have updated their operational hours and card access security.
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