Flexible Benefits Plan (Section 125)

Participation in this plan is voluntary and enables employees to tax shelter a portion of their income to pay insurance premiums or to redirect money into a spending account that can be used for family medical expenses or child care.

In addition, Third Party Insurance premiums, owned by the employee, may be tax sheltered through your 125 Plan. For example, if you purchase cancer insurance with a carrier outside of the University, these premiums can be sheltered.

NOTE:  Effective January 1, 2011, expenses for over-the-counter medications will no longer be reimbursable, unless prescribed by a physician.

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