Health Care FSA

Open Enrollment

You will have a period before the start of each plan year to enroll in your FSA, this is called the open enrollment period. Here are some important things to keep in mind when enrolling:

• You are not allowed to make any changes after the plan year starts unless you have a change of status. Common qualifying events include birth, death, adoption, marriage, divorce and loss or gain of coverage.
  
  
• There will be a claims run out period at the end of the plan year to submit old claims. The account will be closed at the end of the run out period and no further claims will be processed.
  
  
• Money left in the account at the end of the run out period cannot be refunded to you- this is referred to as the use-it or loose-it rule.