Current AnnouncementsFROM: Diana Balla RE: Revision to the Flexible Spending Account Program
Sent: 11/6/2013 3:50:53 PM
To: Faculty, Staff
TO ALL FSA-ELIGIBLE EMPLOYEES
A new provision to the Flexible Spending Account plan has been implemented for the 2014 plan year. (To which the current open enrollment applies.)
This provision allows for up to $500 of unused amounts to be carried over to the following plan year to be used for qualified medical expenses incurred at any time during that year. As a result the two-month grace period, which allows an unlimited amount to be rolled over, will no longer be offered.
Please plan carefully when deciding on an amount to contribute to your Flexible Spending Account, taking into consideration the maximum amount which can be carried over is $500 and any and all amounts in excess not used by December 31, 2014 will be lost.
A FRIENDLY REMINDER: OPEN ENROLLMENT ENDS ON NOVEMBER 15, 2013.
If you have any questions or need additional information, please contact me.