2020 Open Enrollment for Flexible Spending Account

Interested in saving money on your taxes? Now is your chance to enroll in a Flexible Spending Account (FSA). Enrollment Forms must be submitted to Human Resources by December 2, 2019 at 4:30 pm.

What is an FSA?
A Flexible Spending Account (FSA) allows you to set aside money for eligible expenses on a pre-tax basis. There are two types of FSA available:

Health Care FSA:
Pay for qualifying medical expenses with pre-tax dollars. This includes out-of-pocket medical, dental, orthodontia and vision expenses (deductibles, co-pays, non-covered expenses, etc.) for you, your spouse, and your dependents. Click on the 2020 Enrollment Guide for more information and a detailed list of eligible expenses. The maximum annual contribution is $2,750. Choose your amount carefully. Flex 125 Accounts are “use-it-or-lose-it” except for up to $500 which can be rolled over from one plan year to the next.

“Limited Purpose” Flex 125 Account: If you enroll in the 2020 Qualified High Deducible Health Plan with a Health Savings Account (HSA), IRS regulations do not permit you to also contribute to a 2020 Flexible Spending Account for medical expenses. However, you are able to have a “Limited Purpose” Flexible Spending Account for dental and vision expenses in 2020. 
Dependent Care FSA
Allows you to pay qualified 2020 dependent care (child or elder care) expenses with pre-tax dollars. The maximum annual contribution is $5,000 per household.

Getting Started is easy!
If you wish to enroll in a Flexible Spending Account for 2020, complete the 2020 Enrollment Form and return it to Human Resources no later than December 2, 2019 at 4:30 pm

  • Current Flexible Spending Account participants: You must re-enroll in the FSA plan if you want to participate in 2020.

Why Consider a Flexible Spending Account? 

  • Savings can be significant. Check out the list of eligible expenses at www.naviabenefits.com and use the tax calculator to see what you could save.
  • Spread out the cost of medical expenses evenly throughout the year - deductions come out of your paycheck over a 12-month period.
  • Accessing the funds is easy. You will be issued a special Navia Debit card for the Health Care FSA. Simply use your Navia Debit Card to pay for eligible expenses, and the money comes straight out of your FSA.
  • Reimbursement is easy. If you don’t use your Navia Debit Card for a purchase or expense, you can receive FSA reimbursements either via check or direct deposit. For direct deposit, you simply need to provide account information on your enrollment form.

Still have Questions?
See the 2020 Enrollment Guide for detailed information about this optional benefit.