Please note the following updates pertaining to your Flexible Spending Account benefits:
1. Flexible Spending Accounts reimbursement checks are now being processed daily—reimbursement checks were previously generated only once a week. This Aetna service will expedite claims reimbursements.
2. There are two new policy changes to Aetna flexible spending account (FSA) plans to comply with recent and proposed Internal Revenue Service regulations:
a. Effective July 1, 2007, all receipts submitted for reimbursement from a participant’s health care FSA must clearly state the services provided or that the expense was for a copayment/coinsurance amount. Any receipt that does not clearly identify the expense as a copayment/coinsurance for a qualified medical expense will be returned to you with a request for the additional information needed to process the claim.
b. Effective January 1, 2008, the Dependent Care Flexible Spending Account will no longer reimburse any portion of overnight camp, even if the daytime portion is broken out from the total camp fee.
3. FSA claims for orthodontia expenses must follow specific guidelines. These guidelines can be found at: https://www.ithaca.edu/hr/pdf/benefits/aetna/aetna-fsa-orthodontia2007.pdf
Should you have any questions, contact the Benefits Department at extension 43245 or Aetna’s member services at 1800-364-2386.
https://www.ithaca.edu/intercom/article.php/20070628083018662