The Texas A&M University System provides 2 spending accounts: Health Care and Dependent Care. These are separate enrollments and each requires re-enrollment every Annual Enrollment. This help topic provides information about the Health Care spending account.
At any time, you may view your spending account information online through www.mypayflex.com. Click the “Login” link in the left margin to log in. Then choose “Accounts” from the link in the left margin. You will need to register the first time you want to view your accounts.
You have the option to receive a debit card to pay for health care related expenses from your flexible spending account. This debit card may be used for only health care related expenses.
You will be charged a one-time $9.00 fee for the debit card. This $9.00 fee will be taken from your contributions to your spending account and not as an extra deduction from your pay.
To enroll in a spending account, click the “Enroll” (or “Edit” to change previously entered data) button on the spending account line on the Benefit Overview.
You have the opportunity to enroll and change both spending accounts at once, however, keep in mind they are separate enrollments. Make the following indication to enroll in a Health Care Spending Account.
- If you are a 12-month employee, you will have the option of making contributions through May or through August. Otherwise, you must choose through May. This will change your minimum annual contribution.
- In the “Annual Amount” field, provide the annual value of the spending account. This amount will be broken into 9 or 12 monthly contributions depending on your Deduction Term selection.
- Click the “Calculate Deduction” button to see your Monthly Deduction. If the annual amount indicated does not divide evenly by the number of months selected for deductions, the actual annual amount will be modified to reflect the exact total amount that will be deducted over the fiscal year. For example, choosing $2000 over 12 months, the monthly deduction will be rounded down to $166.66, making the annual total $1999.92 on the official benefit record.
- You may have reimbursements direct deposited to the same account you have designated for your payroll direct deposit. You may additionally select to use a debit card to make health care related purchases.
- Click Save to record your selections.
To view more information about spending accounts, read Frequently Asked Spending Account Questions.