This presentation is intended for communication purposes only.
It is not a guarantee of benefits.
Please see insurance plan documents and http://ucnet.universityofcalifornia.edu/OE for complete information.
1

2

2015
Health *FSA plan will include the new carryover provision effective for 2015 Plan Year.
*Does not include Dependent Care Flexible Spending Account
3

Health FSA plan will include the new carryover provision effective for 2015 Plan Year .
 For 2015 plan year , you may carry over up to $500.00 of remaining Health FSA funds into the next plan year of 2016 .
 Per IRS guidelines, Health FSA plans cannot have both the carryover feature and a grace period. Therefore, grace periods will no longer be offered for 2015 contributions .

Current Year
2 0 1 4
Grace Period for 2014 After Grace period
You continue to use funds that remain in your 2014 FSA account for eligible expenses incurred through March 15,
2015 .
Unused funds are not available after March 15, 2015.
Claims not received by March
15 th , 2015 will not be paid .
Unused funds from 2014 contribution are no longer available.
5

2015 FSA Plan Year
Maximum Annual Contribution = $2,500.00
Minimum = $180.00
 Expenses incurred in 2015 will be reimbursed from your 2015 contributions.
 Unused funds of up to $500.00 can be carried over into 2016.
Even if you do not participate in contributing in 2016
 If you do not use all your funds………..

Don’t expect unused funds to show up in your account, or have access to the funds until after April 15 th , 2016
6

 If you re-enroll in 2016
 You will be reimbursed from the 2016 plan year first
 Any carryover balance from
2015 will be available after
April 15, 2016
 If you do not re-enroll in
2016
 You must submit manual claims for expenses incurred in 2015 by the April 15 filing deadline.
 Any remaining 2015 funds up to $500 will carryover to
2016 and be available on the benefit card after the claims run-out period has been processed
7


You may continue to use any funds that remain in your 2014 Health
FSA for eligible expenses incurred through March 15, 2015.
 All claims for expenses incurred from January 1, 2014 through
March 15, 2015 must be received by CONEXIS by April 15, 2015.
 Claims incurred after March 15, 2014 or submitted after the April 15,
2015 filing deadline will be denied.
8


You must re-enroll if you want to participate in 2015.
 You must contribute a minimum of $180.00 per year.
 The Health FSA maximum contribution amount is $2,500.00
 The DepCare FSA maximum contribution is $5,000 ($2,500 if married filing a separate tax return).

Reminder: If you enroll in the Blue Shield Health Savings Plan, you cannot enroll in the Health FSA.



Remember to enroll by November 25 th at
5:00 p.m. This is the date that Open
Enrollment closes.
If you “forget” to enroll in the FSA program for
2015 and Open Enrollment is closed…..
 You will be denied enrollment.
10

? ? ? Questions ? ? ?
11