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Skidmore College
Faculty and Staff Benefits

Skidmore Employee Benefits Summary

Flexible Spending Accounts

What are Flexible Spending Accounts?

Under the Flexible Benefits Program, you can establish flexible spending accounts (FSAs) to help pay for certain out-of-pocket health care expenses and dependent day-care expenses incurred as of your benefit eligibility date through the end of the calendar year. The spending accounts are funded with your tax-free dollars. There are two funds, the Health Care Spending Account and Dependent Care Spending Account.

While these accounts afford employees a tax benefit, it is important you fully understand the details of the plan before making your decision to participate in these accounts.