Key dates for participating employees in Flexible Spending Accounts

As the benefits plan year comes to an end, here is a schedule of upcoming deadlines:

Medical Spending Account
March 31 – Last day for active employees to use the funds in the regular plan year.
June 29 – Last day to submit 2017-18 claim(s) with receipt(s)/substantiation.

Up to $500 will be automatically rolled over into your 2018-19 account as long as you are still actively participating in the plan. You do not need to notify us of the need to carryover any unused funds; it will happen automatically. Any balance over $500 remaining unspent will be forfeited (use-it-or-lose-it rule).

Dependent Care Spending Account
March 31 – Last day to use the funds in the regular plan year.
June 15 – Last day to use funds in the 2.5-month grace period.
June 30 – Last day to submit 2017-18 claim(s) with receipt(s)/substantiation.

Questions? Contact Darby Thiessen (dthiessen@georgefox.edu).

This entry was posted on Tuesday, March 20th, 2018 at 2:03 pm and is filed under Newberg employee news, Portland employee news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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