Flexible Spending Accounts
Flexible Spending Accounts (FSAs), once known as pre-tax spending accounts, offered by the State Employee Group Insurance Program (SEGIP) can provide you with substantial tax savings by paying your health and dental plan premiums, eligible dependent care, medical, dental, and transportation expenses with pre-tax dollars.
But remember the IRS rule "use it or lose it". Because of the tax advantages of flexible spending accounts, any contributions to medical/dental and dependent care flexible spending accounts that remain unclaimed by the end of a year will be forfeited.
Plans Administered by 121 Benefits
- Health & Dental Premium Account
- Dependent Care Expense Account
- Medical/Dental Expense Account
- Transit Expense Account
- Health Reimbursement Arrangement (HRA)
For questions contact 121 Benefits or visit their web site at 121benefits.com.
730 Building 730
2nd Ave. South, Suite 400
Minneapolis, MN 55402-2446
Phone: (800) 300-1672; Fax: (877) 918-3622 or (612) 253-6622
The Minnesota Management & Budget also offers information on these plans at mn.gov/mmb/segip/
Plan Administered by MSRS
For questions contact MSRS or visited the Health Care Savings Plan Overview website.
Minnesota State Retirement System
60 Empire Drive, Suite 300,
St. Paul, MN 55103-3000
Phone: (651) 296-2761 or (800) 657-5757; Fax: (651) 297-5238