Coba Alert

2022 ANNUAL OPEN ENROLLMENT PERIOD FOR FLEXIBLE SPENDING ACCOUNTS

December 2, 2021

The Flex Benefits Plan (Flexible Spending Account & Dependent Care-FSA) is administered by Aetna, Inc. and can result in true pre-tax dollar savings for you and your family! Here’s how it works:

The County’s Flexible Benefits Plan enables you to deduct the cost of many out-of-pocket health care and dependent care related expenses not covered by your insurance provider. By determining what your annual expenses for these items will be, and having pre-tax dollars deducted from your paycheck, you will realize significant savings for the calendar year.

The maximum contribution for the plan in 2022 is $2,850 for Health Care and $5,000 for Dependent Care if filing joint federal income tax return and $2,500 for Dependent Care if married and filing separate federal income tax returns. (Note: For a child to qualify for Dependent Care, he/she would have to be a tax dependent of yours who is under age 13 when the dependent care services are rendered.) The minimum contribution is $500 combined for both plans. (For example: $100 for Health Care and $400 for Dependent Care.)

The County will be participating in the Grace Period Option as it relates to unused funds in your FSA health account. This means that you will have until March 15, 2023 to incur qualified expenses that can be reimbursed from any unused contributions made in 2022; and until March 31, 2023 to submit your claims.

Please be reminded that any unused amount remaining in your 2021 Health Care FSA as of March 15, 2022, or as of the date your employment terminates, will be forfeited. Therefore, please consider carefully the amounts you would like to contribute to your 2022 FSA accounts.

To enroll, please submit the attached form to your HR representative by December 22, 2021.   You must enroll every year.  Even if you had it this year, you have to enroll again for 2022.

Also, if this is your first-year enrolling in HealthCare FSA, please note that at the top of your form so that we can expedite processing of your Flex card.

Open House: Due to COVID-19 pandemic we will not be having Open House events this year.

FORMS & FLYERS

FSA Enrollment Form

PayFlex - Reimbursement Reference Guide

PayFlex Dependent Care FSA Flyer

PayFlex FSA with Card-Generic Member Flyer

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