Flexible Spending Account
Flexible Spending Account Administrator
Flores and Associates
Flores and AssociatesÌýoffers advantages in how employees can view and manage theirÌýmedicalÌýandÌýdependent careÌýflexible spending accounts (FSAs). Notifications are sent via email and/or via mail regarding claims, balances, and if receipts are needed for approval of transactions.
2025 Information
The annual maximum contribution amount for theÌýMedical FSAÌýeffective January 1, 2025 will beÌý$3,300. This limit is per participant and not per household. Therefore, if an employee and their legal spouse both participate in their respective employer’s FSA plans, they may have a combined household pre-tax contribution of $6,600 for the taxable year but neither may contribute more than the $3,300 per person pre-tax limit (e.g. one cannot contribute $3,100 and the other contribute $3,500).Ìý In addition, you cannot submit/use the accounts for the same expense.ÌýThe annual maximum contribution amount for dependent care FSAÌýis $5,000.
Summary Plan Description
Forms
Contact Customer Service
Need Help?ÌýÌýCall Customer Service, toll-free, at 800-532-3327, weekdays 8:30 a.m. to 5:00 p.m.Ìýeastern time.
FSA Qualified Expenses Guide
- View the medical flexible spending account Ìýand .
- View the dependent care flexible spending account .
Flexible Spending Account Grace Period
TheÌýgrace periodÌýbeginsÌýJanuary 1 and ends March 15Ìýfollowing completion of the calendar year. The grace period provides more time to spend the funds in the flexible spending account. Any unused amounts not submitted for reimbursement byÌýMarch 31Ìýwill be forfeited. Eligible expenses incurred during the grace period (January 1 through March 15) and approved for reimbursement will be paid first from available amounts that were remaining on December 31st of the previous year and then paid from any available amounts for the current plan year.
Example:ÌýIf you elected $1,000.00 for medical expenses for plan year 2022 and have a balance of $200.00 on December 31, 2022, you can submit qualified expenses incurred between January 1, 2023 and March 15, 2023 for reimbursement of the remaining balance.
FSA Additional Information
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Please call the Office of Human Resources at ext. 5560 if you have questions regarding the flexible spending program.