Additionally, you may want to consider obtaining legal counsel if you will be establishing or amending a trust fund or will. You should consider enrolling or changing your deduction for the Reimbursement Account. Since account contributions are made with before-tax dollars, the Reimbursement Account provides ways to reduce your taxable income. The amounts credited to your account are reimbursed to you when you submit a claim for a qualified expense. The change in your Reimbursement Account status or enrollment in the program must be made within 30 days of the family status change.
Forms are available on the website and can also be obtained from Benefits.
For the Health Care Reimbursement Account, enrollment or changes must occur within 30 days after the child is born. The payroll deduction may continue and claims can be reimbursed even while a parent is home with the new baby. For the Dependent Day Care Reimbursement Account, enrollment or changes must occur within 30 days after the second parent has returned to work or school full time. The IRS does not allow reimbursement for expenses incurred while either parent is not actively at work. If you are currently using the day care reimbursement program for another child, please contact Benefits to have your deductions stopped while on leave for the new baby as well as to restart the Day Care Reimbursement Account once both parents are working or attending school full time.