Flexible Spending Accounts
Day Care FSA
A Day Care FSA is a pre-tax benefit that enables you to set aside money to pay for your out-of-pocket day care or dependent care expenses.
Visit the Day Care FSA webpage to learn about what is covered, how much to elect, how to access your FSA, documentation required to submit a claim, and more.
The Day Care FSA requires that the dependent must live with you and be 12 years old or younger. A dependent age 13 or older may be eligible if they cannot physically or mentally care for themselves and require care while you’re working.
- 2019 maximum election: $5,000
- 2020 maximum election: $5,000
- Eligible Expenses
- When election changes are allowed
Health Care FSA
A Health Care FSA is a pre-tax benefit that enables you to set aside money to pay for your out-of-pocket health care expenses.
Visit the Health Care FSA webpage to learn how it works, what is covered, how much to elect, how to elect, and more.
New employees/newly eligible employees must enroll within 30 days from your date of hire, within 30 days from a qualifying Change in Status (PDF) event, and/or during the annual open enrollment period.
- New Employees/Newly Eligible Employees - complete the FSA Enrollment Form (PDF)
- Paycheck Deductions: If you are a new hire or if you are enrolling or changing your election mid-year due to a Change in Status, learn more about (PDF) how many paychecks remain in the plan year. The FSA plan year runs April 1st through the following March 31st.
- Access additional FSA forms including the Termination Form.
The dates of service for your eligible expenses must be during the plan year, which is April 1st through March 31st. Before each plan year begins, you will make your annual election(s). All elections are considered irrevocable, unless there is a qualifying Change in Status (PDF).
Our FSA plans have 2 ½ month Grace Period after the end of the plan year, which gives you additional time to incur expenses. This gives your until June 15th to incur expenses. All expenses incurred during the grace period will deduct out of the prior year’s arrangement and any remaining balance will then be applied to the current plan year.
Claims Run-out Period
All claims must be submitted prior to the end of the claims run-out period, which is June 30th. Claims postmarked after this date cannot be accepted. Use-it or Lose-it Rule
Money left in the plan after June 30th will be forfeited; this is referred to as the Use-it or Lose-it rule.
Changes to Elections
Generally, you cannot change your elections. However, if you experience a qualified Change in Status (PDF), you are allowed to make an election change (PDF) that is consistent with the change in status.