• Employee elects an annual amount to contribute to the Medical or Dependent Care Flexible Spending Accounts.  This amount is then deducted as pre-tax over a predetermined number of pays during the plan year.
  
  

• Bi-Weekly Staff/Service Employees have their monthly premium deducted from the first check of the month for 20 pays per plan year.
  
  
• Bi-Weekly Staff/Service 9 month Employees have their monthly bi-weekly premiums for Flexible Spending Accounts deducted from each of their regular (not including summer) pay periods for 17 pays.
  
  
• Exempt/Faculty/Professional Fiscal Year Employees have monthly premiums deducted from each monthly check.
  
  
• Faculty/Professional Academic Year Employees have  monthly premiums deducted from each regular monthly check from August through May.  First-year Faculty/Professional Academic Year Employees will have premiums deducted over 9 pays, beginning September and running through May. 

To check eligible expenses, go to:    FSA Eligible Expenses.

To check your Flex balance, go to:  www.mbicard.com.

To learn more about Flexible Spending Accounts you may view the presentation  Give Yourself A Raise.