BUFORD CITY SCHOOLS
FLEXIBLE SPENDING ACCOUNTS
What are Flexible Spending & Dependent Care Accounts?
-
Flexible Spending Accounts are pre-tax benefit accounts used to pay for out-of-pocket healthcare costs such as deductibles, co-pays, prescribed medication, and some over the counter medications.
-
Dependent Care Accounts are pre-tax benefit accounts used to pay for dependent care services such as preschool, summer day camp, before or after school programs, and child or elder daycare.
​
Plan Rules:
-
Eligibility: Full-time employees working 20+ hours/week, spouse, and children (up to age 13 for Dependent Care and up to age 26 for Medical FSA)
-
Coverage through Medcom
-
Plan year: January 1st - December 31st
-
Only family status changes will allow you to change your annual election. The altered election must be consistent with the status change
-
Married and not filing jointly participants limited to $2,500 deferral for Dependent Care
-
Transfer of funds between the Dependent Care and Medical Care accounts are not allowed
-
**NOTE: BCS Childcare NOW eligible to use Dependent Care funds
​
Contact Campus Benefits for assistance with claims.
Email: mybenefits@campusbenefits.com
Call 1-866-433-7661, option 5
What is covered under Medical FSA Account?
-
Medical coinsurance and deductible
-
Doctor’s office visit copays
-
Emergency Room costs
-
Dental copays and out-of-pocket costs
-
Vision copays and out-of-pocket costs
-
Contacts and Glasses
-
Prescriptions
-
Please see the full eligibility list for other covered expenses
Who is covered under a Dependent Care Account?
-
Children ages 12 and under (including stepchildren, grandchildren, adopted or foster children, and children related to you who are eligible for a tax exemption on your federal tax return).
-
Tax dependents residing with you and incapable of self-care (this could include your spouse, a child age 13 and over, and elderly parents).
The CARES Act permanently reinstates over-the counter products, and adds menstrual care products for the first time, as eligible expenses for your FSA funds WITHOUT A PRESCRIPTION!
Eligible items for purchase without a prescription now include, but are not limited to:
-
Pain relief medications, e.g., acetaminophen, ibuprofen, naproxen sodium
-
Cold & flu medications
-
Allergy medications
-
Acne treatments
-
Eye drops
-
Stomach & digestive aids
-
Pads, Tampons and Menstrual sponges
-
Sleep aids
-
Children’s pain relievers, allergy medicines, and digestive aids