Health Equity is the third party administrator. Visit this site and you will find videos, documents and tools to answer your questions about flexible spending accounts.
FSA accounts have mandatory enrollment each year. You must re-enroll for the 2020 flexible spending plans; renewal is not automatic. All eligible members should fill out a form indicating either (a) your contribution amounts or (b) declining participation.
2020 Contribution Limits:
Minimum contribution for a flexible spending account is $300 per calendar year.
Maximum contribution for a health care flex account is $2,750 per calendar year.
Maximum contribution for a dependent care flex account is $5,000 per calendar year.
Direct deposit is available for flex reimbursements.
You can rollover a maximum of $500 of your 2019 FSA. An account will automatically be created for you in 2020 with the unused funds beginning on April 1st.
Healthcare FSA accounts with a balance of more than $500 will forfeit amounts over $500.
No rollover is available for dependent care accounts; unused contributions are forfeited.
Claims for 2019 expenses may be submitted to through March 31, 2020.