franklin PUD
Flex Plan (FSA)
stretching your benefit dollars
A FSA lets you set aside before-tax money for expected out-of-pocket healthcare and/or dependent care expenses. That means that you can enjoy tax savings and increased take-home pay while saving for expected medical and/or dependent care expenses.
One stop shop:
The FSA account is integrated with your HRA VEBA account. You can access your FSA account via your HRA VEBA member portal and submit FSA claims the same way you would submit HRA VEBA claims. Your FSA dollars are used first - automatically!
health care FSA
Allows you to set aside pre-tax money for eligible health care expenses.
Use for medical, dental, vision, and prescription expenses.
Covers you, your spouse and eligible dependents.
important:
Your election is irrevocable (unless you have a qualified change in family status).
The maximum amount you can contribute is $3,050 in 2024.
The total amount you pledged to contribute to your FSA account is available on January 1.
You must use your FSA dollars by March 15 of the following year, or you lose them!
dependent care FSA
Allows you to set aside pre-tax money for eligible dependent care expenses.
Use for child and elder day care while you work, like before- and after-school care expenses, summer day camp, nursery school, and pre-school.
Covers your eligible dependents.
important:
Your election is irrevocable (unless you have a qualified change in family status).
The maximum amount you can contribute is $5,000.
Funds are available as your account is being funded.
You must use your FSA dollars by the end of the year, or you lose them.
enrollment
WHO CAN ENROLL?
You - if you are a regular and active employee and you work a minimum of 30 hours per week or at least 130 hours per month and you are eligible for the group medical plan. Commissioners may also enroll.
DO I HAVE TO enroll in the Flex Plan?
No. It’s totally up to you if you want to participate.
how much money should I set aside?
It depends how much expenses you expect you will have during the year. Use the expense worksheet in theFSA enrollment guide to help you estimate your typical annual expenses not covered by insurance.
SIGN ME UP!
Visit your home page and navigate to “Forms” to get enrolled.
using your benefit
How do I submit a claim?
Your FSA is integrated with HRA VEBA. Therefore you can submit your FSA claims the same way you would submit your HRA VEBA claims: online via the HRA VEBA member portal, use the HRA VEBA mobile app, or mail your paper claim form.
Even better, use your HRA VEBA benefits card to instantly pay medical care expenses directly from your FSA account. No monthly card fee, no need for filing claims, and you don’t have to wait to get reimbursed. Your FSA dollars will be used first - automatically!
I have more questions - where do i find answers?
Take a look at the FSA enrollment guide. You may find your answers here. If not, contact your friendly HR staff.
HELPFUL LINKS:
FSA member portal (same log-in as your HRA VEBA account)
HRA VEBA member portal
Savings calculator