Flexible Spending Accounts
A flexible spending account (FSA) is a tax-advantaged account that allows employees to use pre-tax dollars to pay for qualified medical (Health FSA) or dependent care expenses (DCAP). During Open Enrollment, you choose how much money you want to contribute to an FSA for the upcoming plan year. You will be able to access these funds throughout the year for qualified expenses. Both the Health FSA and DCAP plans are administered by ConnectYourCare.
Enrolling in a Health FSA or Dependent Care FSA
You must re-enroll in Flexible Spending Account(s) every Open Enrollment if you want to continue this benefit. To enroll in the Health FSA or Dependent Care FSA, complete the enrollment form. The Benefits division in Human Resources will send you confirmation of your FSA enrollment prior to the close of Open Enrollment. If you do not receive confirmation, it is your responsibility to contact the HR Benefits representative assigned to your department prior to the close of Open Enrollment to confirm your FSA enrollment. Remember, if you do not complete and submit your enrollment form during this Open Enrollment, you will not have an account for the upcoming plan year, unless you are covered by the carry forward, where up to $500 of unused FSA funds automatically rollover into the next plan year. For more information see the ConnnectYourCare enrollment guide. The effective date for FSAs is January 1.