Cafeteria Plan (Flex Spending)
Surency Flex Spending Accounts
FSA & Limited Purpose FSA
Member Services: 1-866-818-8805
Website: www.myflexaccount.com
Email: flex@surency.com
USD 394 Rose Hill offers employees a Section 125 plan which allows you to pay your portion of the insurance premiums before taxes are calculated on your earnings. Your take home pay may increase because you do not pay federal and state income tax, FICA and Medicare tax on these expenses. Since deductions are before taxes are calculated, the employee’s taxable income is reduced. The employee’s take-home pay may increase because federal and state income tax, FICA and Medicare tax are not paid on the amount deducted. Since you pay your share of the group health and dental insurance premiums before taxes are calculated, you have limitations. You may not stop your insurance deductions or change how you are enrolled in the insurance plans, unless you have one of the following status changes:
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Termination of employment
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Child no longer eligible
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Spouse changes jobs
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Death of a dependent
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Change of marital status
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Birth or adoption of a child
Other reasons may be within the provisions of the plan. The plan administrator must approve all changes. If you do not want your premiums deducted before taxes are calculated, contact Human Resources.