Flexible Spending Accounts

A Flexible Spending Account (FSA) allows you to use before-tax dollars to pay for eligible out-of-pocket expenses.

Mount Holyoke College has established two types of flexible spending accounts:

Health Care Spending Account:

  • Contributions of a minimum of $120 to a maximum of $2550.
  • Can be used to pay for eligible health care expenses (including dental expenses).

Dependent Care Spending Account:

  • Contributions of a minimum of $120 to a maximum of $5,000
  • Can be used to pay for eligible dependent care expenses.

Flexible spending dollars are deducted during the calendar year (January - December).  

As permitted by the IRS, Mount Holyoke College offers an additional 'grace period' of 2 1/2 months in which a participant could use flexible spending dollars from the previous year to pay for expenses.  That is, you may use 2015 funds to pay for expenses incurred on or before March 15, 2016.  [And claims using 2015 funds need to be processed no later than April 15, 2016.]

Please feel free to contact the HR Benefits department if you have any questions.

→ Flexible Spending Forms, Documents & Tools

 


Flexible Spending Account Contacts

Elizabeth M. Haber, Payroll Specialist, x3194

Cindy Legare, Benefits and Training Manager, x3196

Teresa Azahar, Benefits and Training Specialist, x3132

American Benefits Group
P.O. Box 1209, Northampton, MA 01061-1209
Telephone: 413-584-9923 or 800-499-3539
FAX: 877-723-0147