The BMC Tuition Reimbursement Program offers up to $5,500 per calendar year for college-level studies (undergraduate and graduate) to active, full-time employees. The first $5,250 in expenses is reimbursed tax-free; the remaining $250 in expenses is taxable income. Eligible expenses include tuition, textbooks and all laboratory and computer fees.
1. Before you register for courses, discuss the relevance of the course with your manager. Your manager and director will consider courses for reimbursement if the course:
2. To receive 100% reimbursement, you must successfully complete the course with a passing grade of “C” or above (“B” in the case of some graduate schools).
3. Once you complete the course, visit the Fidelity NetBenefits website for the tuition reimbursement request form and submit once signed by you and your manager. Attach a copy of your grade report for the course and receipt of payment to your form. You have 90 days after completing your course to submit your documentation to Fidelity. Click here for a step-by-step example of how to request a reimbursement through Fidelity.
The Tuition Reimbursement Program doesn’t cover expenses for professional development, certificate courses or seminars. Submit an expense report to receive reimbursement for non-college course fees.
To submit for tuition reimbursement, go to the Fidelity NetBenefits website and select the Benefits tab>Flexible Spending and Reimbursement Accounts>Tuition Reimbursement. If you have been reimbursed the full tax-free amount of $5,250, you’ll click on Tuition Taxable Reimbursement for the remaining $250.
The Departments of the Treasury, Labor, and Health and Human Services (the Departments) have issued the Transparency in Coverage final rules (85 FR 72158) on November 12, 2020. The final rules require non-grandfathered group health plans and health insurance issuers in the individual and group markets (plans and issuers) to disclose certain pricing information. Under the final rules a plan or issuer must disclose in-network negotiated rates and billed and out-of-network allowed through machine-readable files posted on an internet website. Plans and issuers are required to make these files public for plan policy years beginning in 2022. This material is for information only. Health information programs provide general health information and are not a substitute for diagnosis or treatment by a physician or other health care professional. You can access the BMC machine readable files here.