What is a Flexible Spending Account?
Enrolling in a health and/or dependent care flexible spending account (FSA) allows employees who are health plan members to set aside part of their salary on a pre-tax basis each pay period to pay for certain out-of-pocket expenses. For more information about these plans, you can contact yourÌýBenefits Team, visit theÌý, visitÌýÌýor call Payflex at 1-855-516-8595 (TTY: 711).
PayFlex
Our FSA Plans are administrated by Payflex. You will use Payflex to manage your account, check balances, submit claims, view common eligible expenses, and more.
New employees must enroll by theÌýenrollment deadlines. Current employees can enroll or make changes to their contributions duringÌýOpen EnrollmentÌýor if their status changes due to aÌýÌý(marital status change, dependent number change, etc.). Specific to dependent care FSA's: because you (and your spouse) are required to be working to use your dependent care funds, you can change your contribution if there's a change in your provider or a change in the cost for a provider.
You must be actively enrolled in aÌýHealth CareÌýplan in order to also enroll in a Flexible Spending Account. Please visit theÌýÌýfor more information.
New employees must enroll by theÌýenrollment deadlines. Current employees can enroll or make changes to their contributions duringÌýOpen EnrollmentÌýor if their status changes due to aÌýÌý(marital status change, dependent number change, etc.). Specific to dependent care FSA's: because you (and your spouse) are required to be working to use your dependent care funds, you can change your contribution if there's a change in your provider or a change in the cost for a provider.
You must be actively enrolled in aÌýHealth CareÌýplan in order to also enroll in a Flexible Spending Account. Please visit theÌýÌýfor more information.
*Dates subject to change.
Frequently Asked Questions
Contact your Benefits Specialist, or the Benefits Team at benefits@odu.edu
Check , visit or call Payflex directly at 1-855-516-8595 (TTY: 711).
If you do not enroll in a Flexible Spending Account by the deadline, you will not have an account for this year. You will have to wait to for the following year's Open Enrollment period, or a .
The Payflex card is only for health care expenses.
The dependent care FSA is a separate account (still administrated through Payflex). You can check both accounts by logging into Payflex, but the dependent care FSA works a little differently. The money is not preloaded at the beginning of the plan year like the health care FSA. Instead it is added from each paycheck. You must spend the money on an eligible expense first before submitting a claim for reimbursement.
The provided by DHRM each year has more information about both types of accounts.
* IRS Limit subject to change.
** Written prescription may be required.
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