The University offers a Flexible Benefits Plan under Section 125 of the Internal Revenue Service Code. This plan allows full-time employees to use pre-tax dollars to pay for certain premiums, dependent care and medical expenses which are not reimbursed. Chard-Snyder is the administrator of the Flexible Benefits Plan at WKU. Click here to access a reimbursement form for flexible benefts.

Since the plan reduces reportable taxable income, the enrolled employee may incur a
slightly reduced Social Security benefit at the time of retirement.

Plan Year - Funds set aside in reimbursement accounts can only be used to reimburse expenses incurred during the plan year (January 1 - December 31). Claims must be filed within 90 days after December 31 of each plan year. Any funds not used during the plan year will NOT be refunded to the employee according to IRS regulations.

Plan Year Extension - A new IRS provision allows for a grace period whereby a participant may use unspent account funds to pay expenses incurred between January 1 and March 15 of the subsequent calendar year. All claims must still be filed by March 31.

Dependent Care Accounts - Full-time employees may use "pre-tax dollars" for dependent
care reimbursement accounts. Up to $5,000 per year may be set aside in this account.
Funds are available only for legitimate dependent care cost reimbursements.

Medical Reimbursement Accounts - Full-time employees may use "pre-tax dollars" for
medical reimbursement accounts. Up to $4,000 per year may be set aside in this account.
Employees are eligible for reimbursement for the entire amount at any time during the plan
year. Funds may be used for unreimbursed (not covered by health insurance) medical
expenses.