Open Enrollment for Flexible Spending Accounts
Open Enrollment for the 2025 Plan Year runs from November 15 to December 9
Please read the Open Enrollment memo for details. Election forms must be returned or online elections made by midnight, December 9, 2024.
The dependent care maximum will remain at $5,000 and the medical care spending maximum is increasing to $3,300.
The College is continuing to use Inspira as its third-party claims administrator for the Flexible Spending Account.
NEW! For the 2025 Plan Year, debit cards will be available for those enrolled in the medical care flexible spending account. Additional information about using the debit card is available here.
Elections
Flexible spending elections do not automatically roll over. If you currently participate in either or both of the plans, you must affirmatively make new elections for 2025.
You can make your elections online or by using the Flexible Spending Account Election Form:
- BiONiC (navigate to Self Service > Benefits > Benefits Enrollment)
- Election Form (print, complete, and return)
When making your election, please account for the fact that eligible expenses are determined by the date of service, not the date of payment. If you have any concerns about whether a particular expense will be allowed under the IRS rules, please review this eligible expense guide or contact Inspira at 844-729-3539.
Resources
We have several resources available to help you understand the Flexible Spending plan.
- Open Enrollment Memo
- Flexible Spending Account Overview
- Eligible Expenses Guide
- Flexible Spending Account Plan Description
You must have worked for the College for six months as of January 1, 2025 before being eligible to participate in the Medical Spending plan. There is no waiting period to participate in the Dependent Care Spending plan.