Tulane University offers three different spending accounts under the administration of Accrue Health. These accounts are designed to give you a tax-free way to pay for eligible health care and dependent care expenses that you would normally pay for on an after-tax basis. You must re-enroll in these programs each year. See below the three spending account programs Tulane offers:
HEALTHCARE FSA | DEPENDENT FSA |
$2750 Maximum | $5000 Maximum |
Eligible Healthcare expenses for employee and dependents |
Eligible Dependent Day Care expenses for qualified dependent(s) Eligible Dependent Elder Day Care or Custodial Elder Care expenses for qualified dependent(s) |
FSA Debit Card | FSA Debit Card/Pay provider directly or Auto pay |
Total funds available immediately | Funds available as contributions are made via payroll deductions |
Grace period until December 31st of following year | Grace period until December 31st of following year |
How Much Can You Contribute? | 2021 IRS Contribution Limit | Your Maximum Contribution Amount | Tulane's Contribution |
Employee Only Coverage | $3,650* | $3,150 | $500** |
Family Coverage | $7,300* | $6,300 | $1,000** |
* If an individual reaches age 55 by the end of the calendar year, he/she can contribute an additional $1,000
** Tulane's contribution is pending upon completion of the wellness incentive activities. More information about the wellness incentive can be found here.
To enroll, visit Employee Self-Service within 30 days of your new hire/newly eligible date:
Have questions about your plan?
Call the Benefits Team
Phone:
504-865-HR4U(4748)
Email:
Monday-Friday
8:30am - 5:00pm CST