Flexible Spending Accounts  - Navia

•FSA Contribution Amount Limit: $3,050 per individual

•Dependent Care Maximum of $5,000 per year if you are married and file a joint tax return or are single. Maximum of $2,500 if you are married and file a separate tax return

•Even if you are currently enrolled in the FSA you must re-enroll for July 1, 2023 if you wish to keep your account

•Use it or Lose it: If you do not use the funds you contributed to your FSA before the end of the plan year (June 30, 2024), you may forfeit those funds.

§Medical FSA – Includes a 90-day run out for claims incurred prior to the end of the plan year, and allows you to rollover up to $610 of unused funds to the following year

§Dependent Care FSA – Permits a 2.5-month grace period to submit claims incurred during the 2.5-month grace period. Remaining funds after the grace period are forfeited.

•FSA Eligible Expenses: Deductibles, Copayments, RX drugs, Dental Expenses, Eyeglasses, Contact Lenses, Certain Medical Equipment, Certain Over-the-Counter items, feminine hygiene products, and many more items

•You may not transfer money between Health Care and Dependent Care Accounts

•Expenses must be incurred on or after July 1, 2023 to be eligible for reimbursement