OPEN ENROLLMENT BEGINS FOR 2024 FLEXIBLE SPENDING ACCOUNT PLAN YEAR
Welcome to the 2024 FSA Open Enrollment period! We encourage you to consider taking advantage of this valuable benefit to use tax-free funds to pay for medical and dependent expenses.
CASEBP has partnered again with ProFlex to administer FSA and Dependent Care benefits for 2024. Please review the following documents to learn more about these benefits and how to enroll.
ProFlex FSA and Dependent Care – General information on FSA and Dependent Care Benefits
ProFlex FSA Account Enrollment Form Electronic – Please complete this electronic form to enroll in this benefit
Worksheet to Estimate FSA Expenses – Use this spreadsheet to estimate your medical and dependent care expenses for 2023
ProFlex FSA Direct Deposit – Please complete this electronic form to enroll in direct deposit; general information is also included
ProFlex FSA Eligible Expenses – List of eligible and non-eligible items and information on the Mobile Scanner found in the ProFlex app
ProFlex FSA Benefits Card – Prepaid Benefits Card information and electronic request form for additional or replacement cards
ProFlex FSA Accessing Your Benefits – Instructions and information on the ProFlex Mobile App and Online Portal
Please note -
The maximum FSA contribution for 2024 is $3,200, and the maximum contribution for Dependent care is $5,000.00. You may submit expenses incurred on or after January 1, 2024, through December 31, 2024. The grace period to submit expenses for reimbursement ends on March 31, 2025.
You may roll over $640 to the 2025 year. If you want to participate, please complete the attached enrollment form and return it to your district's Benefit Clerk.
IRS Announces 2024 Contributions for Flexible Spending Accounts
The IRS has announced an increase to the health care Flexible Spending Account (FSA) contribution limits for the 2024 plan year. The 2024 FSA contribution level maximum will be $3,200, and the rollover is $640. For Dependent Care FSAs, employees may contribute up to $5,000 per year if they are married and filing a joint return, or if they are a single parent. If they are married and filing separately, they may contribute up to $2,500 per year per parent.
In the year-long-plus fight against COVID-19, these essentials have been proven necessary and effective by medical officials, which is why the IRS' (Internal Revenue Service) recent Announcement 2021-7, made masks, hand sanitizer, and hand sanitizing wipes eligible for FSA/HSA.
You can now buy feminine care products with your flexible spending account.
Allergy sufferers can now purchase over-the-counter allergy medicines with their FSA with no prescription required.