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Staff Flexible Spending

Health Care Flexible Spending Account (FSA) *

RISD staff budgeted to work at least 17.5 hours per week and 910 hours per year can contribute pre-tax dollars to an account to pay for certain out-of-pocket health care expenses incurred in the plan year. If you choose to contribute to a Health Care FSA and are a RISD health plan subscriber, RISD will match your contributions dollar for dollar up to the first $150.

Examples of health care FSA-reimbursable expenses are: medical, dental and vision co-pays, deductibles and co-insurances, glasses, contacts and orthodontics. Review a detailed list of eligible expenses for more information.

Annual Maximum: $2,850
Start Date: First of the month coinciding with or following the date of hire.
End Date: Elections end whichever comes first between a.) the date of termination or b.) on 12/31 of the plan year.
Changes: Employees may elect/change/terminate participation during the annual open enrollment period or upon experiencing a qualifying event, i.e. birth of a child, marriage, divorce, involuntary loss of coverage etc. Employees must make qualifying event requests, with appropriate supporting documentation included, within 31 days from the date of the qualifying event.


Dependent Care Flexible Spending Account (FSA) *

RISD staff budgeted to work at least 17.5 hours per week and 910 hours per year can contribute pre-tax dollars to an account to pay for certain out-of-pocket dependent day care expenses incurred in the plan year.

Examples of dependent care FSA reimbursable expenses are: day care expenses for children under the age of 13, or care expenses for an incapacitated spouse or parent. Applicable expenses must be necessary in order for a single parent or both spouses to a.) be gainfully employed or b.) attend school full-time.

Annual Maximum: $5,000
Start Date: First of the month coinciding with or following the date of hire.
End Date: Elections end whichever comes first between a.) the date of termination or b.) on 12/31 of the plan year.
Changes: Employees may elect/change/terminate participation during the annual open enrollment period or upon experiencing a qualifying event, i.e. birth of a child, marriage, divorce, involuntary loss of coverage etc. Employees must make qualifying event requests, with appropriate supporting documentation included, within 31 days from the date of the qualifying event.


*In response to the Consolidated Appropriations Act signed into law on December 27, 2020, RISD amended its Health and Dependent Care Flexible Spending Account (FSA) Plans and documents to allow active participants the following prospective opportunities and temporary relief:

  • Permit a 12-month overflow (grace) period, rather than the typical 2.5-month grace period, for unused benefits or contributions in Health FSA and Dependent Care FSA for plan year ending in 2021.