Flexible Spending Accounts (FSAs)
Health Reimbursement Arrangements (HRAs)
MSU’s current FSA and HRA administrator is TriStar.
What is a FSA?
A Flexible Spending Account, or FSA, is an important part of MSU’s overall benefit package. Through the plan, you can set aside a portion of your earnings, tax-free, for everyday expenses you may have with:
- Dependent day care expenses
- Out-of-pocket medical expenses including health, dental, vision and prescription drug expenses.
When you choose to participate in this benefit program, it does not change your insurance benefits, it merely affects the way you pay your dependent day care and out-of-pocket medical expenses. You work hard for your money! Take advantage of the powerful benefits this plan has to offer. By participating in this plan you can increase your spendable income!
How Does it Work?
When you enroll in the FSA plan, the amounts you elect are automatically deducted from your paycheck on a pre-tax basis. The money is held until you have a qualified expense. As you incur qualifying expenses during the year, you simply file a claim with TRISTAR. There are many options available for submitting claims and all are quick and easy and provide fast turnaround. The claim is reviewed and tax-free reimbursements are made to you by check or direct deposit to a bank account of your choice. You can even view the status of your account online at anytime by visiting https://www.myrsc.com.
You will have until March 15 following the end of calendar plan year to incur qualified expenses and then until June 13 to file your claims. After these deadlines, any funds left in your account will be forfeited.
Setting Up Your Account
If you have questions, or any problems logging in, please contact Customer Service at 800-456-4584.
Go to www.myrsc.com.
Click Register under the “First time logging in?” paragraph.
Click the myRSC Temporary Login ID and Employer Code link in red.
Enter your Social Security Number (no dashes) in the Login ID field and click CONTINUE.
Enter 60681349 in the Employer Code field and click CONTINUE.
Enter a login ID of your choice that is at least 6 but not more than 100 characters in length. Note: Since Social Security Numbers are no longer used as the login ID, the login ID you create may not be 9 characters in length.
Select an existing e-mail address or enter a new one to be used to e-mail forgotten passwords.
Enter a secret question or use a predefined secret question to prompt your memory of your password.
Enter the answer to the secret question.
Enter a new password in the New Password field.
Re-enter the password in the Confirm New Password field.
Click CONFIRM PASSWORD.
You are now logged into myRSC.
eClaim Filing (Online via TRISTAR'S Website)
Go to https://www.myrsc.com
Traditional Claim Filing
Dependent Care Reimbursement Form
FSA Reimbursement Form
HRA Reimbursement Form
Fax claim form and supporting documentation to (515) 453-2354.
Scan your claim form and receipts and send the file to firstname.lastname@example.org
P.O. Box 65887
West Des Moines, IA 50265
Benefits Card (Debit Card)
Debit Card Request Form
Provides instant access to account funds.
Can be used at most medical, dental, vision, pharmacy or day care locations that accept MasterCard.
The debit card can only be used for eligible products and services as defined by IRS regulations.
Restrictions for Over-the-Counter Medications
Effective Jan. 1, 2011, the Health Care Reform Law, signed by President Obama, does not allow an FSA (or HRA) Plan to reimburse plan participants for expenses paid for over-the-counter (OTC) medications, unless prescribed by a physician. Note that this change does not impact any prescription medications purchased at the pharmacy or through your mail order provider. Those will continue to be reimbursable through your Flexible Spending Account debit card.
How will these new restrictions affect my debit card usage?
It is TRISTAR Benefit Administrators’ understanding that the debit card will no longer accept OTC drug and medication purchases effective Jan. 1, 2011.
The cards can still be used for prescriptions at all pharmacies who are IIAS compliant throughout the country (i.e. Walgreen’s, Wal-Mart, Target, etc.)
The debit card can continue to be used for payment of office co-pays, balance due amounts from a provider, dental expenses, and vision expenses.
How do I get my prescribed drug/medicine reimbursed by TRISTAR Benefit Administrators?
OTC drugs and medications will be reimbursable when the claim form and purchase receipt are submitted to TRISTAR Benefit Administrators and is accompanied by a doctor’s prescription for that OTC medication. The physician’s prescription must be:
- clearly legible and state the patient’s full name
- valid for a single purchase, unless otherwise stated on the prescription order
- signed and dated by the physician
Affected categories that will require a Prescription from the doctor are as follows:
- Antiparasitic Treatments
- Hemorrhoidal Preps
- Allergy & Sinus
- Baby Rash Ointments/Creams
- Motion Sickness
- Antibiotic Products
- Cold Sore Remedies
- Pain Relief
- Anti-Diarrheals, Laxatives
- Cough, Cold & Flu
- Respiratory Treatments
- Digestive Aids
- Sleep Aids & Sedatives
- Anti-Itch & Insect Bite
- Feminine Anti-Fungal/Anti-Itch
- Stomach Remedies