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Open Enrollment 2025

If you currently have a Medical FSA and/or Dependent Care FSA in 2024 and want to continue participation in 2025, you must re-elect the benefit in ADP. Your existing Medical FSA or Dependent Care FSA enrollment will not carry over. 

Medical Flexible Savings Account (FSA)

A Medical Flexible Spending Account (FSA) gives you an opportunity to save on taxes by paying for eligible health care and dependent day care expenses with pre-tax dollars. There are three types of accounts: Full Purpose Medical FSA, Limited Purpose FSA, and Dependent Care FSA. All accounts are administered by Wex.

A few key things to remember about a Medical FSA:

  • This is a 'use it or lose it' account, and you will need to use the funds for claims incurred in the 2025 plan year, by the end of March 2026, or the funds will be forfeited (in excess of $640).

  • Maximum per pay period contribution: $123.07

How Flexible Spending Accounts Work

  • You decide how much you want to put into an FSA when you enroll.

  • Your contributions are automatically deducted from each paycheck on a pre-tax basis, and accumulate in your account(s). 

  • You are paid back from your account(s) with the pre-tax dollars you’ve been saving.

    • Take some time to log in to the Wex Consumer Portal and sign up for free direct deposit. This will allow funds to be sent electronically to your checking of savings account.

 

​Considerations: 

  • What are some of the reasons that claims are denied?

    • Receipt doesn’t contain all of the follow: date, place, amount, type of service/product.

    • Services have not been incurred (prepayments are not eligible).

    • Date of service outside of plan year.

    • Insurance covered expense.

    • Receipt/bill has a balance forward.

    • Scanned/faxed receipt is illegible.

    • Ineligible expense.

    • Dual purpose item.  Medical Necessity Form must be completed.

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