The enrollment period for the University of Tennessee’s Flexible Benefits program is from Oct. 1 to Oct. 31. For calendar year 2021, Optum Bank will manage the medical, limited purpose and dependent care programs. Download instructions on how to enroll with Optum Bank (PDF).
You may use flexible spending accounts (FSA) to pay for healthcare and dependent care while saving money on your taxes. An FSA allows you to pay certain expenses from your pre-tax income rather than after tax income. The Payroll and Benefits website has detailed information on the medical flexible spending accounts as well as the dependent care flexible spending accounts.
Members with a 2020 medical FSA, limited purpose FSA or dependent care FSA should continue to use the PayFlex website through Dec. 31, 2020. Important 2020 medical FSA and limited purpose FSA carryover information will be emailed directly to employees with remaining balances.
For questions regarding the flexible benefits plan, please email email@example.com.Tags: Flexible Benefits