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Important Information about Your Health Care Flexible Spending Account


Annual enrollment is open through Nov. 30. If you enroll in the Health Savings Account/HDHP Plan for 2017 and have a balance in a 2017 Healthcare Flexible Spending Account as of Dec. 31, you are not eligible to contribute funds to an HSA or receive any funds in your HSA until April 1. Learn more about your benefit opportunities by meeting with a benefits specialist.

Date: 11/20/2017 12:00:00 AM
By: Ashley Martin

UC ingot   If you are considering enrolling in the Health Savings Account/High Deductible Health Plan, please be aware of the following important information. 

In accordance with IRS regulations, if you enroll in the Health Savings Account/HDHP Plan for 2017 and have a balance in a 2017 Healthcare Flexible Spending Account (FSA) as of December 31, 2017, you are not eligible to contribute funds to an HSA or receive any funds in your HSA until April 1, 2018. This includes UC’s contribution. The April 1, 2018 date applies even if your Healthcare FSA account balance reaches $0 at an earlier point in 2018. 

Additionally, if you have a balance in your FSA as of Dec. 31, any medical expenses incurred prior to April 1, 2018 are not eligible for reimbursement with HSA funds. Expenses must be incurred after April 1, 2018 in order to use HSA funds. 

Contact Chard Snyder at 1-800-982-7715 for Flexible Spending Account balance information. You can also meet one on one with a Benefits specialist and learn more about your benefit opportunities by visiting the Annual Enrollment page. There is also a video reviewing each health plan and additional benefit options.