Flexible Spending Accounts

Flexible Spending Accounts

Open Enrollment will take place on the CES Intranet this year. All process details, as well as plan descriptions and costs, can be found there. If you are unsure how to access the intranet, please contact HR directly.

Plans are administered by Reimbursement Specialists, Inc. on behalf of CES.

The Collaborative for Educational Services offers employees a way to increase their spendable income via the benefit known as a Flexible Spending Account or Flex Plan.

Three reimbursement accounts are availableUsing these plans will save you money by allowing you to pay for medical and dependent care expenses with pre-tax instead of after-tax dollars. To learn more about each of these options, please click the links below.

Health Flexible Spending Account (FSA) 

Limited Purpose Health FSA (for members enrolled in a High Deductible PPO Plan for vision or dental expenses)

Dependent Care Assistance Plan (DCAP) 

If you are participating in either of the PPO plans, you are eligible to enroll in this benefit as a “Limited Purpose Health FSA”. This benefit can help with any out-of-pocket dental and vision expenses that you might have during the plan year.


How to Enroll in a Flexible Spending Account

In order to make your FY21 Annual Election, you must complete the paper enrollment form below. Return your completed form to Human Resources.

FSA (Flexible Spending Account) Enrollment Form


Learn more about FSAs

If you're interested in knowing what you can use FSA funds for, how to decide in your annual election amount, or how to file claims (including how to use RSI's mobile app), review the following fact sheet.

FSA Fact Sheet


How do I manage an FSA?

Visit RSI Benefit Accounts Member Portal to file claims, review balances, request a debit card, etc. This one-stop portal gives employees 24/7 access to view information.

Member Portal Guide

FSA (Flexible Spending Account) Claim Form


Why should I consider a Health FSA?

The Health FSA is designed to help you pay medical  expenses incurred during the plan year, including those which are not 100% covered by insurance, or those which are not eligible for payment under your health care plan.

The amount you have agreed to set aside in the FSA may be used to pay for most health care expenses, including certain over-the-counter items. Because CES health insurance plans require deductibles before certain medical expenses are covered by insurance, a health FSA can be a great help!

Health FSA contributions can be used to pay deductible expenses which would otherwise have to be paid for out of your pocket.

CES plan includes the Carryover Provision!

In 2013, the U.S. Treasury Department modified its Flexible Spending Account (FSA) “use-or-lose” rule – employers may now adopt the Carryover Provision to allow funds to roll over.

This is great news, because:

  • You can roll over up to $500 of your unused FSA funds at the end of this plan year.
  • The money you put in an FSA is not taxed, so assuming you pay a combined 40% state and federal tax rate, you’re saving 40% on healthcare expenses funded through the account.

If you previously chose not to participate in the FSA program because of the "use-or-lose" mandate, it's time to take another look!

When can I start participating?

Any time - all employees who work 20 or more hours per week can participate immediately (as of their date of hire).

How much can I set aside?

Up to $2,750 for 2020.

What are Eligible Expenses?

The CARES Act expanded the list of eligible expenses for HFSAs, HSAs and HRAs retroactive to January 1, 2020.

The CARES Act, passed last month, relaxes restrictions on the use of Section 125 Medical Flex Accounts for over the counter medicines, medical supplies and menstrual products. This change is effective for any products purchased during the 2020 calendar year. RSI Debit "Benny" cards may now be used for these purchases. Each merchant (primarily pharmacies) will also need to update their systems in order for the RSI Debit Cards to work properly for these new allowable expenses.  In instances where the debit card is not accepted, or you need to be reimbursed for eligible purchases made on or after January 1, 2020, you can simply file a claim manually through the RSI Mobile App or Online Member Portal. 

You can learn more or log in at www.rsiadmin.com.

I have the PPO Plan. Can I still participate?

Yes. However, if you have an HSA, you can only participate in a Limited Purpose Health FSA. The Limited Purpose Health FSA works the same way a standard Health FSA does: pre-tax dollars, "use it or lose it" elections, and expenses must be occurred within the plan year. The difference is that eligible expenses are limited to vision and dental services or products.


Why should I consider a Dependent Care FSA?

This FSA is designed to help you pay for childcare services (or care for an elder, disabled spouse or dependent) when those services make it possible for you and your spouse to work.

Any type of dependent care that you could legally claim if you were filing for a credit on your tax return is eligible for reimbursement under this FSA.

How much can I set aside?

Up to $5,000 per family

Qualified Dependent Care Expenses

  • Care for Children Under Age 13
  • Care of a Disabled Dependent
  • Daycare
  • Summer Camp
  • Pre-School
  • After School Programs

How do I know how much to elect?

You must plan your contributions carefully. It is important that you be conservative when estimating your expenses for the plan year. IRS regulations that apply to your spending accounts state that any money set aside in these accounts that is not used for expenses incurred during the plan year must be forfeited. This is referred to as the “use it or lose it” rule. The unused dollars contributed cannot be returned to you. To avoid losing any money, you should estimate what your eligible expenses will be before you decide how much to contribute — and then commit to a little less.

When can I start participating?

Any time – all employees who work 20 or more hours a week can participate immediately (as of their date of hire).

For more information, contact: 
413.586.4900 x5923, x5922 or x5932