Flexible Benefits plans permit the university to exclude, from both Federal Income and Social Security taxes, amounts you contribute to a medical and/or dependent care reimbursement account. The current annual health care pretax contribution limit is $2,500. If you and your spouse each have a health care account, you can each contribute $2,500. The dependent care limit is $5,000 per household/family. If you and your spouse each have a dependent care account, you are limited to $5,000 between the two of you.
The money you set aside is then used by you to pay eligible medical and dependent care expenses. These payments can be made via the debit card provided or you can make the payments and request reimbursement from the funds in your account. Any amount left at the end of the plan year will be forfeited. You are offered the ‘grace period’ which allows you an additional two and 1/2 months (to March 15 of the following year) to use your Flexible Benefits plan dollars.
The administration of the flexible spending account programs are overseen by a company called PayFlex. Enrollment is online at www.Healthhub.com. Even if you participated in Flexible Benefits plan last year, you must enroll each year you wish to participate. You will need your personnel number, which is located underneath your name on your pay advice.
Registering your Account
Click *Employee Account Login* at the top of the page. If you have not registered your account, click *Register Now*. Otherwise, login by entering your username and password and click *Login*.
Enrolling in your PayFlex account
After you have logged in, select *Online Enrollment* under Quick Links on the left hand navigation bar of the My Dashboard screen. Select your Employer from the drop down fox (if prompted). Select the account(s) that you wish to enroll in by checking each box. Enter the amount you wish to have deducted from your paycheck each pay period. Click *Save My Elections*. This will bring up a confirmation screen. You will also see Terms and Conditions. Review and accept these terms and conditions. If you agree, click *Submit*. A final confirmation screen will be displayed, showing the accounts you have been successfully enrolled in. You will also receive a confirmation email from PayFlex confirming your enrollment.
If you are a new participant or your card has expired, a Pay Flex Card will be mailed to you before the beginning of your plan year. Check your card’s expiration date…your card is valid for a five-year period as long as you remain an active participant. Visit www.healthhub.com for more information on using your debit card.
Stay connected with HealthHub via eNotify - Receive email notifications or web alerts for updates regarding your account(s). Login to Healthhub.com, click on My Settings, select Manage Notifications to customize your alerts. You can also connect via PayFlex Mobile to access your account balance(s), claims activity, listing of eligible expenses and much more.