Flexible Spending Accounts

When you set up a flexible spending account (FSA), you designate a certain amount to be withdrawn from your paycheck, pre-tax, to be used for eligible medical, dental and vision expenses, as well as work-related child and adult daycare expenses. You can also use your medical FSA for your children between the ages of 19–26, regardless of their dependency status.

EMU offers two main FSA options to help you save on taxes: the Dependent Care FSA and the Health FSA.  Starting January of 2023, EMU also offers a Limited Purpose Flexible Spending Account for Faculty who are enrolled in the High Deductible Plan.  This plan is only for qualified Dental & Vision expenses.

    1. You must re-enroll in the flexible spending accounts each year you choose to participate.
    2. Your election is binding and in place for the entire year unless you have a qualifying life event.  You must make any change within 30 days of the qualifying life event.  Contact the HR Benefits team with questions.  734-487-3195 or [email protected]
    3. This program follows the IRS guidelines and is managed by HSA Bank. 
    4. EMU follows the IRS "Grace Period" provision.  This means that you can incur expenses up to March 15th of the next calendar year and submit those by March 31st and have these expenses applied to the previous calendar years remaining account balance.  Any funds remaining after the March 31st deadline are forfeit. 
      1. Example:  In calendar year 2022, for 2021 remaining funds, you can incur expenses up to March 15, 2022.  You must submit these expenses against your 2021 remaining account balance by March 31, 2022.

When you first start with HSA Bank, you need to establish your account.

You can link your bank account to your FSA account so that your reimbursement can go where you want it.  You will also be issued a debit card that can be used for eligible expenses.

When requesting reimbursement you have the following options:

    1. Complete a Reimbursement request form,
    2. Complete a Recurring dependent care request form
    3. Submit for reimbursement online
    4. Use the mobile app

HSA Bank partners with HSA Store.  Visit this site to purchase qualified products.

There are further resources related to IRS Notices and Publications as well.

Client Assistance Center (for members)

Phone:
English: (800) 357-6246 | (414) 978-5294
Spanish: (866) 357-6232
Available 24 hours a day, 7 days a week.

Email: [email protected]

Member Website: You can also get 24/7 access to your account by logging into the Member -Website.

Regular Mail:-
HSA Bank
P.O. Box 939
Sheboygan, WI 53082-0939

Overnight Mail:
HSA Bank
605 North 8th Street, Suite 320
Sheboygan, WI 53081

You can limit HSA Bank's sharing of your information.