Halfway there! Spend down your Flexible Spending Accounts (FSA)
A few reminders to all ÐÓ°ÉÔ°æs who are enrolled in a Health Care, Dependent Care,
or Limited Purpose FSA:
- Funds must be used by June 30, 2025. Any remaining funds will not rollover to the next plan year and will not be refunded.
- All requested funds are available now. If you elected a total contribution of $1,000 for this plan year, that full $1,000 is available immediately - even if your payroll contributions have not met that amount yet. The exception to this is Dependent Care - these funds are only available as they are deposited into the account via payroll deduction.
- These accounts must be enrolled in each year. Coverage will automatically terminate for all FSAs for all enrolled ÐÓ°ÉÔ°æs on June 30, 2025. If coverage must be extended into the next plan year, an Open Enrollment form must be completed in April. More information on Open Enrollment will be available in February.
Review the plans and their differences on our FSA webpage. Please review the webpage for full plan details. Email ua-benefits@alaska.edu or call (907) 450-8242 with questions.
Unsure how to spend your funds? Review and contact TouchCare!
Emailed via benefits newsletter on 11/26/2024, 12/3/2024.
Contact Benefits: (907) 450-8242 | ua-benefits@alaska.edu | schedule one-on-one time