How does the UT Flex medical reimbursement plan work?
Estimate how much you will spend from September 1, 2011 through August 31, 2012 on eligible expenses (e.g., co-payments for office visits, prescription medication, deductibles and co-insurance for inpatient hospital care and physical therapy, and eyeglasses). See “Determining Out-of-Pocket Costs for the UT Flex Medical Account” for help estimating your eligible expenses. Over the plan year (September 1, 2011 – August 31, 2012) the amount you select will be deducted from your monthly paycheck, before taxes, and deposited into your UT Flex account. When you have an expense, you can either use the Flex Convenience Debit Card or submit a claim for reimbursement.
Related Questions
- I am currently enrolled in a Flex Medical Reimbursement Account and/or Daycare Reimbursement Account. What happens to my money that is left in the plan when I leave UTMB?
- What expenses are considered eligible expenses under the UT FLEX medical expense reimbursement FSA program?
- What is a Medical Reimbursement Plan (MRP)?
