OEBB Spending Account Survey |
1. Healthcare and Dependent Care Spending Accounts
| 50% |
OEBB would appreciate your feedback on healthcare and dependent care spending accounts as we gather additional information for the Board to review at its November 18, 2010, meeting. The Board has been discussing whether to offer access to healthcare and dependent care spending account services, including:
• Healthcare Flexible Spending Accounts (FSA)- Pre-tax spending accounts that can be used by employees and dependents for eligible healthcare expenses as defined by the Internal Revenue Service.
• Dependent Care Flexible Spending Accounts (FSA) - Pre-tax spending accounts that can be used by employees for eligible day care expenses as defined by the Internal Revenue Service.
• Limited Purpose Healthcare Spending Accounts (FSA)- Pre-tax spending accounts that can be used by eligible employees and dependents for healthcare costs determined by the Internal Revenue Service. Employees and dependents must be enrolled in a high deductible health plan and contributing to a Health Savings Account.
• Health Savings Accounts - Pre-tax spending accounts that can be used by employees and dependents enrolled in high deductible health plans for eligible healthcare expenses as defined by the Internal Revenue Service.
• Health Reimbursement Account/Arrangement (HRA)- A pre-tax program that allows employers to reimburse employees for qualified out of pocket healthcare expenses. HRAs are adminstered by third party administrators and can be provided through voluntary employee benefit associations.
The Board requested that staff gather information on the number of educational entities currently offering these benefits to their employees, as well as related administrative costs.
Please take a few minutes to answer this short survey.
Thanks,
OEBB Staff
• Healthcare Flexible Spending Accounts (FSA)- Pre-tax spending accounts that can be used by employees and dependents for eligible healthcare expenses as defined by the Internal Revenue Service.
• Dependent Care Flexible Spending Accounts (FSA) - Pre-tax spending accounts that can be used by employees for eligible day care expenses as defined by the Internal Revenue Service.
• Limited Purpose Healthcare Spending Accounts (FSA)- Pre-tax spending accounts that can be used by eligible employees and dependents for healthcare costs determined by the Internal Revenue Service. Employees and dependents must be enrolled in a high deductible health plan and contributing to a Health Savings Account.
• Health Savings Accounts - Pre-tax spending accounts that can be used by employees and dependents enrolled in high deductible health plans for eligible healthcare expenses as defined by the Internal Revenue Service.
• Health Reimbursement Account/Arrangement (HRA)- A pre-tax program that allows employers to reimburse employees for qualified out of pocket healthcare expenses. HRAs are adminstered by third party administrators and can be provided through voluntary employee benefit associations.
The Board requested that staff gather information on the number of educational entities currently offering these benefits to their employees, as well as related administrative costs.
Please take a few minutes to answer this short survey.
Thanks,
OEBB Staff