2023 Flex Annual Open Enrollment |
Flex Plan Highlights Contribution limits, provisions, and claim submission deadlines
HealthFlexibleSpending Account &Limited PurposeFlexibleSpending Account
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$3,050 individual IRS maximum.
• Grace Period – your employer has adopted the IRS rule allowing you to submit claims incurred two and a half (2 ½) months after the plan year ends (March 15, 2024).
Dependent Care Flexible Spending Account
$5,000 household IRS maximum.
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• Grace Period – your employer has adopted the IRS rule allowing you to submit claims incurred two and a half (2 ½) months after the plan year ends (March 15, 2024).
Claim Submission Deadline – Health FSA, Limited Purpose FSA, & Dependent Care FSA
• All 2023 flex claims must be submitted by April 30, 2024.
• All claims submitted after this four (4) month extension will be denied or applied to the newflexplanyear if incurreddatesapply. • Use it or Lose it Rule – IRS regulationsrequirethat any moneyleft in theaccount after this deadline will revert back to the plan.
Allied Flex Debit Cards – Health FSA & Limited Purpose FSA Only
• Flexdebit cards areautomaticallyissued toall participantsatnocost.
• Flex debit cards are good for three (3) years. Make sure to confirm the expiration date listed on the card.
• Additional debit cards for a spouse or dependent(s) may be requested at no cost.
• All dependent and spousal cards that should remain active for the 2023 plan year must be specified on the 2023 enrollments; otherwise, they will become inactive.
Direct Deposit Reimbursement
• Designate convenient payments directly to your preferred bank account.
2023 Benefits Guide
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