Current Provider: ConnectYourCare (CYC)
To login/register: Visit ConnectYourCare.com
Flexible Spending is a tax savings opportunity by paying health premiums and out-of-pocket health and child care expenses with pre-tax dollars.
Regular faculty or staff members working 50% FTE or more are eligible to participate in three flex plans: Health Insurance Premium, Health Care Spending, Child Care Spending (described below).
Eligible employees may enroll within 31 days after their date of hire, during the annual open enrollment in November and/or within 31 days after a family status change. You must re-enroll each year to continue your participation in this plan. Continued participation is not automatic.
Effective January 1, 2020, benefits eligible rehires and new hires will become eligible for coverage on their date of hire. Also, changes to benefit coverage due to a life event or job change into a benefits-eligible role will also be effective as of the date of the event for all employees. Changes made during the annual Open Enrollment period in November are effective January 1 of the subsequent year.
- Health Insurance Premium: The employee’s monthly premium for the University-sponsored health plan is automatically deducted from employee’s gross wages thus reducing their taxable earnings.
- Health Care Spending: Employees may elect to pay their out-of-pocket health care expenses with pre-tax dollars up to $2700 per calendar year.
- Dependent Care Spending: Employees may elect to pay their out-of-pocket child care expenses with pre-tax dollars up to $5000 per calendar year.
Any funds contributed during 2020 may be used for qualified expenses incurred January 1, 2020 through March 15, 2021, while employed at Washington University. Any money left in your 2020 account on March 15, 2021 may be reimbursed by submitting receipts for eligible expenses no later than April 30, 2021. Any money left in your account and not claimed by April 30, 2021 will be forfeited.
Filing Claims with ConnectYourCare
All health care and child care spending account claims are to be filed directly with ConnectYourCare. ConnectYourCare offers convenient ways to submit claims: