Important TexFlex reminders: Plan Year 2018 TexFlex balances and claims

Participants in the Health care FSA, limited FSA and dependent care FSA can file claims for eligible expenses they had during Plan Year 2018 through December 31. The extra time given to participants to submit eligible claims is referred to as the “run-out period.” 

Paper claims must be postmarked by December 31 or they will be automatically denied. Also, any additional information that may be required to process the claim must be received by December 31. That’s why it’s important that participants not wait to submit claims for reimbursement. Please advise TexFlex participants to file claims and provide any missing information required to get their reimbursement as soon as possible and prior to December 31.

Carry over: Health care and limited FSA participants can carry over $25 to $500 of unused funds from one plan year to the next. Any amount over $500 will be forfeited.

Grace period:  Dependent care FSA participants do not have a carry over provision. However, they are given an additional two and a half months after the plan year ends to incur eligible expenses. These participants should be sure to incur all eligible expenses by November 15 and file all claims for reimbursement by December 31. All unused funds are forfeited.

Roll over: Employees can enroll in, change their contribution amount or close their commuter spending account (CSA) at any time. Balances of $3 or more will roll over to the next month. Any amount less than $3 will be forfeited.

For more information, review TexFlex’s Frequently Asked Questions. They can also call TexFlex customer care, toll-free, at (844) 884-2364, Monday–Friday, 7 a.m.–7 p.m. CT.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.