The Flexible Spending Accounts (FSA) Program Open Enrollment Period for Plan Year 2018 is Monday, Sept. 18, 2017 to Tuesday, Oct. 31, 2017 for an effective date of Monday, Jan. 1, 2018.
The Plan Year 2018 FSA Program Brochure and forms are available on the OLR Website under Flexible Spending Accounts, Forms. and Downloads.
What is the Flexible Spending Accounts (FSA) Program?
The FSA Program is permissible under Internal Revenue Code (IRC) Section 125 and consists of several programs. They are:
- the Health Care Flexible Spending Account (HCFSA) Program,
- the Dependent Care Assistance Program (DeCAP),
- the Medical Spending Conversion (MSC) Health Benefits Buy-Out Waiver Program, and
- the Medical Spending Conversion (MSC) Premium Conversion Program.
Please see the online FSA Question and Answer Sheet and FSA flyer for additional information on each of the programs. Please join us at the Annual Benefits Fair on Wednesday, Oct. 4, 2017 in the Center for the Arts (Building 1P) Atrium from 11:00am to 2:00pm. Representatives will be available to discuss plan details.