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Flexible Spending Accounts

NDSU uses an outside vendor, Discovery Benefits, to administer the flexible spending plan.  Employees may elect to participate on a yearly basis, with the option to enroll each year in the month of November.  Flexible Spending Accounts provide a pre-tax benefit but do contain a use-it-or-lose-it clause.  NDSU implemented a grace period that allows claims to be incurred through March 15 of the following year for the prior year’s flex dollars.

Limits


Medical Spending - $2,500 annually

Dependent Care - $5,000 annually per household set by IRS

Over-the-Counter Medications


Effective January 1, 2011, over-the-counter medications are no longer eligible under the medical spending account unless there is a doctor’s prescription on file with Discovery Benefits.  This change became effective with the Patient Protection and Affordable Care Act (PPACA) and was signed into law in March 2010.


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North Dakota State University
Phone: +1 (701) 231-8961 / Fax: (701) 231-9686
Campus address: SGC 102
Physical/delivery address: 1919 University Dr N, Fargo, ND 58102
Mailing address: NDSU Dept. 3140 / PO Box 6050 / Fargo, ND 58108-6050
Page manager: Human Resources/Payroll

Last Updated: Monday, May 06, 2013 8:31:13 AM