Dec 202018
 

Faculty are reminded that each December 31 is a deadline for the spending of at least some dollar amounts in your Health and/or Personal Spending Accounts under the Flexible Spending Plan. Amounts allocated are only permitted a two year rollover and dollar amounts left unspent after the two year period are returned to the Employer.  

Now is the time for faculty to check through PAWS or Sun Life, the credit amount allocations and their expiry dates to ensure that you are maximizing the benefits provided by each spending account through this Plan.  

If you purchased eye glasses or had prescription medicine costs or paramedical services costs that exceeded the regular Health Plan benefit reimbursement amounts, you may make a claim for reimbursement through your Health Spending Account.  Faculty may claim eligible health spending costs for dependents as well as their own personal costs.  

Just some of the eligible expenses payable through the Personal (Wellness) Spending Account (for expenses of the faculty member only) include fitness class registrations, court fees, green fees, personal trainer fees,  child care, elder-care and fitness equipment purchases.  Please refer to the detailed list of eligible expenses of each plan on the HR website. 

ALLOCATION OF 2019 FLEXIBLE SPENDING CREDITS DEADLINE ALLOCATION IS DECEMBER 31, 2018

At the same time, members are reminded of the deadline of December 31 to allocate the $500.00 allocated to the flexible spending program, after which all allocations are irrevocable for the Period January 1, 2019 to December 31, 2019.   If no allocation is made by December 31, the amount will be allocated as designated in the previous year. 

 

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