Plans and Accounts
Plans and Accounts
The Healthcare Flexible Spending Account allows you to pay out-of-pocket healthcare related expenses for you and your dependents with tax-free dollars. You can use the Healthcare Account to pay your medical and dental deductible, co-insurance amounts, and healthcare related expenses not paid by insurance. You may not use the Healthcare Flexible Spending Account to pay any insurance premiums. You do not pay Federal Income, State Income, or Social Security Taxes on the amount deducted from your pay and contributed to you Healthcare Account.
You may open a Healthcare Flexible Spending Account even if you or your dependents are not covered under any of the University's other benefit programs.
There is a minimum and maximum contribution amount per year for your Healthcare Flexible Spending Account. This tax-free money remains in your account until you apply for a reimbursement.
DEPENDENT CARE ACCOUNT
The care of a young child or a disable member of your household can be paid for with tax-deductible dollars through a Dependent Care Flexible Spending Account. To qualify, the dependent care must be necessary in order for you or your spouse to work or for your spouse to attend school.
A Dependent Care Account allows you to use pre-tax dollars to pay for the care of a dependent. You do not pay Federal Income Tax, State Income Tax, or Social Security Taxes on the money that you contribute to your Dependent Care Flexible Spending Account. You are paying for dependent care with untaxed dollars.
You may use the account to pay dependent care costs for your dependents even if they are not covered under any of the University's other benefit programs.
The Internal Revenue Service limits the amount you may contribute to a Dependent Care Flexible Spending Account.
CAFETERIA PLAN (125K)
Allows you to tax shelter your medical, dental, insurance premiums from federal, state and social security taxes. Election required annually.
As an employee with the University of Arkansas at Pine Bluff, you are eligible for group discounts on automobile and home insurance. For more information, you may contact Liberty Mutual at 1-800-524-9400 or to receive an instant quote on-line at www.libertymutual.com/lm/arkempl.
Long-term care is available to you and your family. Long-term care insurance coverage encompasses a variety of services available to people for assistance with the ordinary activities of daily living. For more information, you may contact CNA Long Term Care at 1-877-777-9072 or www.ltcbenefits.com with the password UALTC. CNA have created an interactive web site designed specifically for the University of Arkansas. The site contains design, rates, exclusions, and enrollment criteria.