Flexible Spending AccountsPage address: http://www.mnsu.edu/hr/benefits/pretax.html
(pre-tax spending accounts)
Flexible Spending Accounts (FSAs), once known as pre-tax spending accounts, offered by SEGIP can provide you with substantial tax savings by paying your health and dental plan premiums, eligible dependent care, medical, dental, and transportation expenses with pre-tax dollars.
But remember the IRS rule "use it or lose it". Because of the tax advantages of flexible spending accounts, any contributions to medical/dental and dependent care flexible spending accounts that remain unclaimed by the end of a year will be forfeited.
Plans Administered by 121 Benefits
730 2nd Ave. South, Suite 400
Minneapolis, MN 55402-2446
Phone: (800) 300-1672; Fax: (877) 918-3622 or (612) 253-6622
Plan Administered by MSRS
Minnesota State Retirement System
60 Empire Drive, Suite 300,
St. Paul, MN 55103-3000
Phone: (651) 296-2761 or (800) 657-5757
Fax: (651) 297-5238
For questions contact MSRS or visit their web site at www.msrs.state.mn.us/hcsp/index.htmls.