Department of Management Services

2018 FSA Options

2018 Changes to Healthcare FSA and Limited Purpose FSA

Eligibility

OPS employees are eligible for the healthcare FSA and limited purpose FSA beginning Jan. 1, 2018. 

Carryover

For the healthcare FSA and limited purpose FSA, December 31, 2018, is the last day to incur claims for the 2018 plan year, and you must submit all claims by April 15, 2019. Otherwise, if you have funds remaining at the end of 2018, a maximum of $500 will carry over to the next plan year while any funds in excess of $500 will be forfeited.

Here are some examples of how the healthcare FSA and limited purpose FSA will work moving from plan year 2017 to 2018 and from plan year 2018 to 2019.

2017 to 2018 Plan Year

Mary elected the maximum contribution of $2,600 for the 2017 plan year. On Dec. 31, 2017, Mary has $275 remaining in her 2017 healthcare FSA. Mary must incur eligible expenses by March 15, 2018, to use or be reimbursed from her 2017 remaining balance and must file all claims by April 15, 2018. Mary incurs services on March 1, 2018, in the amount of $200. On April 15, 2018, Mary files her claim for $200 and is reimbursed from her healthcare FSA. On April 16, 2018, Mary has $75 left in her account which she will forfeit since she did not file any other claims before the April 15 deadline.

2018 to 2019 Plan Year

Mary elects the maximum contribution of $2,650 for the 2018 plan year. On Jan. 1, 2019, Mary has $475 remaining in her 2018 healthcare FSA. The $475 will carry over to the 2019 plan year. Mary elected the maximum contribution of $2,650 for the 2019 plan year. Mary then has $3,075 for the 2019 plan year. Mary can file claims for services incurred in 2018 through April 15, 2019. Any services incurred in 2018 will be deducted from the $475 carried over.

IMPORTANT NOTE:

The carryover does not apply to the dependent care FSA. For the dependent care FSA, March 15, 2019, is the last day to incur claims for the 2018 plan year, and you must submit all claims by April 15, 2019. Otherwise, you lose any remaining money.

FSA Resources

2018 Savings and Spending Accounts Guide (Adobe PDF Document 6.78 MB)

FSA FAQs (Adobe PDF Document 240.38 KB)