The maximum amount employees may contribute into a Medical Reimbursement Account (MRA) will increase from $2700 to $2,750 per year.
Refer to the
2021 Plan Highlights and Changes for additional information.
Employees may authorize a monthly deduction to be placed into a MRA to reimburse themselves for eligible medical expenses. The deduction is taken from the employees' paychecks before federal, state, and social security taxes are assessed. The minimum contribution into the account is $10 per month; the annual maximum may vary year to year. Employees who enroll mid-year can still contribute the annual maximum and would not be subject to the monthly maximum. Employees may not request reimbursement from this account to pay for any out-of-pocket premium costs for their medical and/or dental insurance. Employees may reference the FlexElect Program handbook which provides a partial list of expenses that are payable under the State's FlexElect MRA.
Unlike the Medical Reimbursement Account, the funds must be deposited in the participant's account and the service period has to have passed before the Dependent Care Reimbursement Account claims can be paid.
Please visit our FlexElect
Frequently Asked Question page.