5.19.4 Flexible Spending Account (FSA)

Employees may set aside a portion of their earnings, tax-free, for everyday expenses relating to:

• dependent care expenses
• out-of-pocket medical expenses and prescription drug co-pays.

Employees may elect to participate in the dependent care account and/or the medical account. Rochester University caps the amount employees may set aside in the accounts. The maximum annual amounts are $2,550 for medical coverage and $5,000 for dependent care. More details and qualifying expenses are available in the Human Resources Office.