1. When does my Flex Spending money need to be used up by?
Each plan year, a certain amount of unused funds in your FSA are elgible to rollover to next plan year. New this year, the threshold has been increased. Anything under $500 will automatically roll over to be used during the July 1, 2022-June 20, 2023 plan year even if you choose not to re-enroll. Starting next plan year, the threshold will increase to $570.
2. I want to have the same amount of money taken out for Flex Spending do I need to do anything?
Yes, everyone that wishes to participate in Flex Spending or Dependent Care plans must re-enroll each year. Fill out the form listed under the appropriate employee forms box and return it to Human Resources no later than June 1, 2022.
3. I have our insurance now, I'm not making any changes, do I need to fill out any forms?
No, you're all set! The only time you need to fill out the enrollment/change form for insurance is to make changes, such as remove or add dependents or to enroll into our plan.