Save your dollars for health care expenses tax free

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A health care flexible spending account offers eligible faculty and staff a way to save for essential health care costs

Never worry again about how you will pay for certain medical expenses or prescriptions. Faculty and staff can enroll in a Health Care Flexible Spending Account (HCFSA), administered by ASI Flex.

This cafeteria plan allows you to set aside dollars each month to pay for essential medical, dental and vision expenses for you and your dependents. Expenses include deductibles, copays, coinsurance and prescriptions. If you do not use all your FSA funds within the given plan year, the remaining amount will be forfeited.

The best part? The dollars you set aside are withdrawn before taxes. This means that you’ll have less taxable income when you file.

Eligibility: You must be in a benefits-eligible position, working 50% or greater time to enroll in and use this CU Advantage item. Eligible CU faculty and staff can enroll in, adjust or cancel their benefits during the annual Open Enrollment period or certain qualifying life events. Eligible new hires have 31 days after their hire date to select their benefits package.

Pre-tax savings

CU Employee Services Benefits

303-860-4200, option 3

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