Rocky Mountain Reserve is the district administrator for the Flexible Spending Accounts.
Learn more: Flexible Spending Account Enrollment Guide!
The Flexible Spending Accounts are also referred to as Section 125 Plans. The plan year is based on a calendar year, January 1 - December 31. Employees enroll in these plan(s) to reduce taxable income through pre-tax deductions that are then used to pay for eligible expenses. Employees who enroll during open enrollment will receive a dollar for dollar matching contribution up to a maximum of $120 from the district towards their health spending account.
The employee portion of the district health, dental, and vision premiums are also part of this plan. Currently, pre-tax deductions for Section 125 plans are not considered salary for PERA purposes. If you are considering PERA retirement within five years or less, contact PERA for advice taking post-tax or pre-tax deductions.
If you choose to enroll in one or both Flex Plans, we recommend being conservative when estimating your election so that you are sure to spend your entire election amount. Any amounts not claimed for reimbursement will be forfeited. You must furnish complete information and receipts as required to the plan administrator. You cannot change your election during the plan year unless you have a qualifying change in status (change in marital status, change in number of dependents, change in employment status of participant or spouse). The change you elect must be consistent with the status change.
The maximum annual amount that you may contribute to the Health Care Flexible Spending account is $2,650. The maximum annual amount you may contribute to the Dependent Care Flexible Spending account is $5,000 (per household).
2018 FLEXIBLE SPENDING ENROLLMENT FORM
How would you like to save between 25% - 40% on eligible medical expenses?You may enroll in either/both Flexible Spending Plans:Health Care Flexible Spending Account allows you to contribute a portion of your salary (up to $2,500/year) into a tax‐free spending account which is used to pay for eligible medical, dental, and vision expenses for you and your eligible dependents. You will be able to use a debit card for some expenses. Dependent Care Flexible Spending Account allows you to contribute a portion of your salary (up to $5,000) into an account which is used to reimburse eligible daycare expenses. Open enrollment for the the BVSD Flexible Spending Accounts for Health and Dependent Care is once a year during the month of November. The plan year is January 1 - December 31. These plans are also referred to as Section 125 Plans. Newly hired employees can enroll when they are first eligible for benefits for the remainder of the calendar year.These plans reduce your taxable income through pre‐tax deductions that are then used to pay for eligible expenses. These deductions reduce your taxes and your PERA eligible salary. Because these deductions reduce your PERA eligible salary, employees within four years of PERA retirement may not want to participate.
Health Reimbursement Flexible Spending Account - with Grace Period
What Are My FSA Eligible Expenses
Dependent Care (child care) Flexible Spending Account
Claim & Card Use Verification Documentation Checklist
Health Care & Dependent Care Claim Forms
WageWorks Web Site
Rocky Mountain Reserve
PO Box 631458
Littleton, CO 80163
Customer Service: 1-888-722-1223