Mark your calendar. Tuesday, March 31 is the deadline for two important benefits: claims for 2014 flexible spending accounts and for gym membership expenses. To submit claims, log on to My BMC Compensation & Benefits and click on Visit My Spending Accounts or call Your Spending Account (YSA) at 1-877-262-4849. Representatives are available Monday to Friday, 8 a.m. to 9 p.m., Eastern Time.
Flexible Spending Accounts
If you had a 2014 Health Care, Limited Use Health Care or Dependent Care Flexible Spending Account (FSA), the deadline for submitting claims for eligible expenses is Tuesday, March 31, 2015. Expenses must have been incurred during 2014 to be eligible for reimbursement.
Under new IRS rules, an unused balance of $500 or less in your account on December 31, 2014, was carried over to your 2015 Health Care FSA (HCFSA) balance. (Please note: The new FSA carryover rule doesn’t apply to the Dependent Care FSA.)
Here’s an example of how the HCFSA carryover works.
Fitness Expenses Reimbursement
If you belong to a BMC onsite gym (Houston and Austin), submit a copy of your final 2014 pay stub to YSA. Even if your monthly membership dues are deducted from your paycheck, you still need to file a claim to be reimbursed for dues.
If you belong to an offsite fitness center, submit your 2014 receipts to YSA for membership dues or exercise classes.
Find detailed instructions for requesting Fitness Reimbursement here.
MyBMC Rewards provides a snapshot of your pay, retirement benefits, health and insurance benefits and corporate programs. Visit MyBMC Rewards to:
Go online anytime or call 877-262-4849. Representatives are available from Monday through Friday, 8 a.m. to 9 p.m., Eastern time.
From enrollment reminders to important 401(k) information and benefits updates, you can be the first to know when your attention or action is required.
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