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Spending Accounts

MedSurety

All of the district's spending accounts - FSA, Dependent Care, and HRA/VEBA - are administered by MedSurety.

Flexible Spending Account (FSA)

  • A Flexible Spending Account is a personal account that you set money aside for, pretax from your paychecks. You can use this money to help you pay for expenses that insurance doesn't cover. Your yearly election is available for you to use right away at the beginning of the plan year. This money is loaded on to a debit card that you can use at the provider's office, pharmacy, to pay your bills, etc.  
  • The account is use-it-or-lose-it. However, you can roll over up to $610 to the next plan year as of the 2023-2024 plan year.

Dependent Care Spending Account

  • A Dependent Care Account lets you use pretax dollars to pay for your dependent's day care and other expenses necessary for you to work. This works like the medical FSA in that you select a yearly amount to be deducted from your paychecks equally throughout the year. You then submit claims for reimbursement after paying for eligible expenses to reimburse yourself. You must wait until the money accrues in your account before you can be reimbursed - it is not pre-loaded like the medical FSA.  You can choose to be reimbursed a lump sum at the end of the year, or you can reimburse yourself throughout the year.

VEBA

  • The VEBA account is 100% funded by the district and you are automatically enrolled in this account when you enroll in one of the 3 high deductible plans offered by the district. This account works a lot like the FSA in that you can use the funds to pay for eligible expenses not covered by insurance (deductibles, coinsurance, prescriptions, over-the-counter items, etc.).  
  • The VEBA is funded twice a year - 2 months' worth in July, and the remaining amount in September. The funds are loaded on to a debit card - the same card the FSA funds are put on. You can use the card at any provider's office that accepts the card, along with pharmacies, etc.  
  • If you are enrolled in the both the FSA and VEBA, funds are pulled from the FSA first. This is because your full FSA does not rollover year to year, but the VEBA does.

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