Is there a waiting period for new employees to enroll in the Unreimbursed Medical Spending Account and/or Unreimbursed Dependent Care Spending Account?
Yes. There is a 30 day waiting period for the Unreimbursed Dependent Care Spending Account. There is a 60 day waiting period for the Unreimbursed Medical Spending Account. The effective date will be the first day of the month following eligibility. Employees who have an academic year appointment and have a September 1 hire date are eligible to enroll effective September 1.
Related Questions
- What paperwork is required for a Health Flexible Spending Account (Health FSA) / Unreimbursed Medical (URM) expense claim?
- What is the difference between a Medical Flexible Spending Account and a Dependent Care Flexible Spending Account?
- How often can I file claims on my Health Flexible Spending Account (Health FSA) / Unreimbursed Medical (URM) Account?
