There will be no changes to the Flexible Spending Accounts for the 2024 plan year.
The Company offers two types of Flexible Spending Accounts, a Health Care FSA and a Dependent Care FSA, through Flores. These FSAs allow you to budget and save for qualified expenses incurred over the course of the plan year. Dollars invested in an FSA are tax-free, which makes an FSA a great tool for saving money, especially when big expenses are anticipated. For a searchable list of FSA eligible expenses and more, visit flores247.com.
NOTE: Your FSA will not automatically renew, you must enroll each year to participate and FSA plans contain a “Use It Or Lose It” provision, so please plan carefully! Should you leave the Company, benefits terminate on your last day of employment.
HEALTH CARE FSA
Enrollees in the Health Care FSA (HCFSA) will receive a Flores debit card for easy access to their health care funds. Although you pay your specified election amount through weekly payroll deductions, the entire election amount is available once your benefit goes into effect.
Pay providers for services using your Flores debit card or use personal funds and submit a reimbursement request. Requests may be submitted at flores247.com, through the Flores Mobile app, or you may send requests by fax or mail. Add direct deposit to your Flores account so you don’t have to wait for a check to be mailed.
Choice Plus/Options/PPO Blue Plan enrollees may use HCFSA funds for eligible medical, prescription, dental, and vision expenses. Details on covered expenses.
Health Savings Plan enrollees may enroll in the HCFSA alongside the HSA to maximize savings.
NOTE: These funds are limited to qualifying dental and vision expenses if you are enrolled in the Health Savings Plan. Details about Limited HCFSAs.
DEPENDENT CARE FSA
A Dependent Care FSA (DCFSA) allows you to put money aside for the care of dependents under the age of 13 or expenses for dependents over the age 13 who are mentally or physically incapable of self-care. Expenses must be incurred to allow you and your spouse, if married, to go to work. The weekly payroll deduction amount you specify will be added to your account with Flores and may be used as soon as the contribution shows in your account.
Examples of eligible expenses include: preschool, before and after school care, and day camps. More about DCFSAs.
Pay your Dependent Care providers with personal funds and submit a reimbursement request at flores247.com, through the Flores Mobile app, or submit by fax or mail. Add direct deposit to your Flores account so you don’t have to wait for a check to be mailed.
No-Wait Dependent Care Claim Forms allow you to submit only one claim form for your entire plan years’ worth of expenses. You can submit your claim for the full amount of eligible expenses you’ll incur during the plan year. Flores will enter this as a pending claim to your account and as you contribute to the account through your pre-tax payroll deductions, Flores will automatically reimburse you the same day they receive the contribution! Download a copy of the No-Wait Dependent Care Claim Form.