Consolidated Administrative Services – CAS
PLAN YEAR – June 1st through May 31st
Flexible Spending Accounts (FSAs) allow you to have pre-tax money deducted from your paycheck to reimburse yourself for certain expenses. Since contributions are made through payroll deductions with pre-tax dollars, you decrease your taxable income and thereby increase your take-home pay.
MAXIMUM ANNUAL CONTRIBUTIONS
- 2022-2023 Plan Year – The Maximum Annual Employee Contribution to the Health/Medical FSA account is $2,850.
- 2023-2024 Plan Year – The Maximum Annual Employee Contribution to the Health/Medical FSA account is $3,050.
ROLLOVER PROVISION
2022-2023 Plan Year. Health/Medical FSA Accounts can Rollover up to $570 of unused account balances to the following Plan Year. The Rollover will not change the Run-Out Period.
2023-2024 Plan Year. Health/Medical FSA Accounts can Rollover up to $610.
PLAN DOCUMENTS & FORMS
- Summary of Benefits
- Plan Highlight
- FSA Overview Flyer
- FSA Eligible & Ineligible Products and Services
- Medical Claim Form
- Change Status Form
- Card Request Form
- Mobile App Instructions
- Direct Deposit Form
CLAIMS DEADLINE:
You must submit claims for reimbursement within 60 days after the end of the Plan Year. (Dates of service must be within the Plan Year).
