UT FLEX

Lowers Your Taxes and Reduces Your Medical and Day Care Expenses

UT FLEX Flexible Spending Accounts (FSAs) allow you to set aside money from your paycheck, before any taxes are deducted, to pay for your eligible out-of-pocket health care and dependent day care expenses incurred by you and/or your family members. Since you do not pay taxes on the money set aside in your UT FLEX account(s), your spendable income will increase! You never pay taxes on the contributions or the withdrawals you make.

UT FLEX is an optional, no-cost benefit available to all eligible employees of U.T. You decide if you want to enroll in the UT FLEX Medical Expense Reimbursement FSA and/or the Day Care Reimbursement FSA.

Bottom line is everyone can save with UT FLEX, regardless of your income level. Even if you don’t have health insurance expenses, you will probably buy over-the-counter medicines and supplies, like cold medicines, aspirin and band-aids. Will you or your dependents need a new pair of glasses or contact lenses soon? How about a dental cleaning or a routine physical exam? It all adds up!

Reference: http://www.utsystem.edu/benefits/utflex
UT Contact: Your U.T. institution Benefits office
Plan Contact: PayFlex Systems, Inc. at (866) 887-3539