Section 125-Flexible Spending/AFLAC notice
The College offers a Section 125 option, allowing eligible staff members to pay with pre-tax dollars eligible out-of-pocket health care and/or childcare costs. Participating employees can elect to set aside up to $2,600 for health care expenses and/or up to $5,000 for childcare expenses on an annual basis. If you have a qualifying event, you may make changes to that amount. In late 2013, the IRS relaxed the “use it or lose it rule”. Participants who have $500 or less left over for 2017 can rollover that amount and use those funds for eligible expenses in 2018.
A new election form MUST be signed during the designated enrollment period in order to participate in 2018.
The election sign-up times are:
Peoria Campus (Room H106 – Hickory Hall)
- Monday, November 6, from 8 a.m. to noon
- Wednesday, November 8, from 10 am to 2 pm
East Peoria Campus (Room 338B)
- Tuesday, November 7, from 8 am to 4:30 pm
- Thursday, November 9, from noon to 5:30 pm
East Peoria Campus (Room 211A)
- Friday, November 10, from 8 am to 4 pm