Flexible Spending Accounts
Dependent Care FSA Updates
Dependent Care flexible spending accounts can be used for adult or child day care expenses. Due to the impact of COVID-19, many faculty and staff are experiencing changing childcare needs.
You can make changes to your current 2020 Dependent Care FSA by completing the COVID-19 Dependent Care FSA Election Form.
Use the form for:
- New Enrollment
- Increase Annual Enrollment
- Decrease Annual Enrollment
- Stop Contributions for the Remainder of 2020
Email the completed form to email@example.com.
The University offers two optional flexible spending accounts (FSAs) to help you pay for eligible health and/or dependent care expenses using pre-tax dollars deducted from your paycheck. Your contributions for both plans are deducted before federal, state and Social Security taxes are withdrawn, saving you money on taxes.
Healthcare flexible spending accounts can be used for medical expenses not covered by your group plan. The maximum annual contribution is $2,700 per individual in 2020.
Dependent Care flexible spending accounts can be used for adult or child day care expenses. The maximum annual contribution is $5,000 per household ($2,500 if married and filing separately) in 2020.
BASIC manages FSA accounts for USF employees. All FSA claims for medical and dependent care should be submitted to BASIC via fax at (800) 584-4591 or email at firstname.lastname@example.org.
For more information, including reimbursement forms, direct deposit forms, and welcome packets, please refer to the PDFs listed on the HR Forms web page under the heading Flexible Spending Accounts.
Please note: BASIC sends automated emails from the following email address, email@example.com. If at any time you do not feel comfortable logging into your account via the provided link within an automated email, you can go directly to the website at www.basicpacific.com to view their Quarterly Statements.
Phone: (800) 574-5448
Fax: (800) 584-4591