Thursday, December 12, 2019

End-of-Year Flexible Spending Updates

FOR EMPLOYEES WITH A FLEXIBLE SPENDING ACCOUNT
Under the West Bend School District's Medical Flexible Spending Plan (FSA) participants have the ability to "roll over" up to $500 into the next plan year's account to prevent a large portion of funds from being forfeited. The $500 rollover does not count toward the following year's maximum election amount ($2,750 for 2020).

The FSA plan year for 2019 ends on December 31, 2019.  Participants must submit claims for FSA reimbursement (for dates of service in calendar year 2019) no later than 90 days after the end of the plan year (March 31).

To view your current medical and dependent care FSA balance please visit the DBS website.

For claim forms and instructions please visit the Flexible Spending page on the HR Intranet.

Also, Diversified Benefits Services, the company that manages HRA and FSA reimbursements, has some deadlines for submitting claims that you should be aware of.  See this flyer for details.