"At Mansfield University, we develop leaders. We accomplish this by focusing on the four core values that have been our tradition since 1912: Character, Scholarship, Culture, and Service."
Enrolling in a Medical Reimbursement Account is a great perk that delivers real money, allowing you to use pre-tax dollars to ease the financial burden of out-of-pocket healthcare expenses that come your way.
You decide how much to contribute and then enjoy immediate access and tax-free savings (on average 30% or more), using the funds as you see fit for planned or unplanned expenses.
The maximum annual contribution amount that can be made to a medical reimbursement account is $2,500.
Enrolling in a Dependent Care Account allows you to save money on expenses tied to caring for those you love while you work. Funds are moved from your paycheck to your Dependent Care Account before taxes are deducted, reducing your overall tax burden.
The maximum annual contribution that can be made to a Dependent Care Reimbursement Account is $5,000.
Effective with the 2014 plan year, FSA participants will have the ability to carryover up to $500 of unspent healthcare FSA monies into the following plan year (2015 calendar year). For more information click here.