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2008 Flexible Benefit Plan

Premium Only Plan - Employee contributions for medical insurance may be deducted on a pre-tax basis.

Flexible Spending Accounts  - Flexible Spending Accounts allow employees to set aside pre-tax dollars to pay for certain unreimbursed medical and dental expenses, and dependent care expenses.

The University uses The Nyhart Company to administer the flexible benefit plan.  Nyhart will provide employees with a secure identification and password to access their flexible spending accounts on-line to check claim status and current balances.  Nyhart also will provide participants with a debit card to be used for eligible expenses.

Contributions for calendar year 2008 may be used for purchases through March 15, 2009 for unreimbursed medical, vision, and dental expenses only.  The dependent care flexible spending account will still need to be exhausted in calendar year 2008.

Click here for more information about the Flexible Spending Account program and how it works.

Current Participants - All employees who are currently enrolled in a flexible spending account will need to complete a new Benefits Election Enrollment Form.  Please submit the form to Human Resources by Friday, November 16, 2007.

Click here of a flexible spending claim reimbursement form.

New Enrollees - Any employee interested in enrolling in a flexible spending account can use a worksheet to help them determine their allocation amount for the uninsured medical and dental expenses or the work-related dependent care expenses.  A representative from The Nyhart Company will be at the Open Enrollment and Benefit Awareness Fair, Thursday, November 8, 2007  to assist employees with questions and/or concerns.  A Benefits Election Enrollment Form must be submitted to Human Resources by Friday, November 16, 2007.

Click here for the 2008 Nyhart Dependent Care funds release schedule.

Click here for an example of how this benefit can save you tax dollars!  Remember, over-the-counter drugs are an allowable expense per the IRS!

 If you have questions regarding the flexible benefit spending accounts, please contact the Human Resources Department at 464-1781 or 461-5466 or 464-1988.
 

The University of Southern Indiana is an equal employment opportunity/affirmative action employer. It is the policy of the University of Southern Indiana to be in full compliance with all federal and state non-discrimination and equal opportunity laws, orders and regulations relating to race, sex, religion, disability, age, national origin, sexual orientation or status as a disabled veteran or veteran of the Vietnam era. Questions or concerns should be directed to the Affirmative Action Officer, USI Human Resources Department, 8600 University Boulevard, Evansville, IN 47712.



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