Flexible Spending Accounts (FSAs)
|Notice: The U.S. Department of Treasury and IRS issued a notice on October 31, 2013 revising the "Use It or Lose It" rule for Health Care Flexible Spending Accounts (FSAs). This modification will now permit employers to choose to allow up to $500 of unused amounts remaining at the end of a plan year in a Health Care FSA to be paid or reimbursed to plan participants for qualified medical expenses incurred during the following plan year, provided that the plan does not also incorporate the grace period rule.
The State of Michigan currently offers a grace period and will continue to do so for the 2014 & 2015 plan years. Civil Service Commission will evaluate this revised ruling and determine how future plan years will be administered.
2013 FSA Plan Booklet
Effective January 1, 2013, IRS regulations mandate that the Healthcare FSA maximum allowable contribution is $2,500.
|2014 FSA Plan Year|
|November 1 - December 2, 2013||Open Enrollment for the 2014 FSA plan year|
|January 2, 2014||First payroll deduction for the 2014 FSA plan year|
|2013 FSA Plan Year|
|March 15, 2014||Last day to incur charges for the 2013 FSA plan year through WageWorks©|
April 30, 2014
|Last day to submit reimbursement requests for the 2013 FSA plan year through WageWorks©|
|Grace Period Q & A
Health Care Card Q & A
|Health Care Flexible Spending Mid-Year Enrollment Form
Dependent Care Flexible Spending Mid-Year Enrollment Form
Life Event / Election Change Form
Claim Forms and More
Note: Per IRS regulations, the Health Care FSA mileage rate is .235 cents per mile.