Flexible Spending Accounts

FLEXIBLE SPENDING ACCOUNT (FSA) for health and/or dependent care (pre-tax benefit)
Eligibility: Must work 20 hours or more per week and a minimum of ten months per calendar year. Participation is optional.
 
The Flexible Spending Account (FSA) form is the only mandatory form that needs to be filled out this year. If you work more than 20 hours a week, you must complete the form. If you do not want to participate mark decline. If you are participating, you must also complete the Pre-tax Benefits Deduction Authorization form.
 
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 2017 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.
 
2017 Contribution Limits:
  • Minimum contribution for a flexible spending account is $300 per calendar year.
  • Maximum contribution for a health care flex account is $2,550 per calendar year.
  • Maximum contribution for a dependent care flex account is $5,000 per calendar year.
Direct deposit is available for flex reimbursements.
 
Rollover Provisions:
  • You can rollover a maximum of $500 of your 2016 FSA. An account will automatically be created for you in 2017 with the unused funds.
  • 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 2016 expenses may be submitted to through March 31, 2017.
If you are unfamiliar with flexible spending accounts, please refer to the 2017 Open Enrollment Guide or visit the Health Equity site.

 


Today's Events - Tuesday September 19 2017
Boys Junior Varsity Soccer
vs.
South Medford HS
- 4:00 PM
Boys JV 2 Soccer
@
Saint Mary's School
- US Cellular Field
- 4:00 PM
Girls JV 2 Volleyball
vs.
Saint Mary's School
- 5:30 PM
Boys Varsity Soccer
vs.
South Medford HS
- 7:00 PM
Upcoming Events - Thursday September 21 2017
Girls Junior Varsity Volleyball
vs.
Springfield HS
- 5:30PM
Girls JV 2 Volleyball
vs.
Springfield HS
- 5:30PM
Girls Varsity Volleyball
vs.
Springfield HS
- 6:45 PM
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