Flexible Spending Accounts
Important
Health Care and Dependent Care FSA plans do not allow for any mid-year life event changes. Enrollment is only allowable at time of new hire or during Open Enrollment. Enrollment lasts for the entire calendar year and terminates every year on Dec. 31st. FSA contribution amounts cannot be changed, stopped, or started mid year.
Flexible Spending Accounts (FSAs)
Flexible Spending Accounts (FSAs) are tax-advantaged accounts that help you pay for eligible out-of-pocket healthcare and dependent care expenses. If elected, your account(s) will be funded with tax-free dollars through convenient payroll deductions. Only expenses for services incurred during the plan year are eligible for reimbursement. The plan administrator is Igoe Administrators (IGOE).
How does a FSA work?
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- List of Eligible Services/Products: Look up healthcare items by alphabet and determine eligibility, what plan type it may be eligible for reimbursement from, and if a letter of medical necessity (LOMN) or an RX is needed.