Flexible Spending Plan Accounts – Use or Lose It
Tuesday, May 12, 2020
Subject: RCUH HR IMPORTANT – Flexible Spending Accounts – Use it or Lose it – Deadline: June 30, 2020
TO: All RCUH Regular Status (50-100% FTE) Employees who are currently active and enrolled in Flexible Spending Plan Accounts for Plan Year July 1, 2019 – June 30, 2020
There is less than sixty (60) days left to utilize your current active Flexible Spending Plan Accounts (Healthcare Expense & Dependent Care Expense Reimbursement Accounts). The end of the current Flexible Spending Plan Year is quickly approaching (June 30, 2020). Services must be incurred by June 30, 2020. If you experience a change in your employment status (i.e., loss of eligibility, termination of employment) prior to June 30, 2020, you have up until the end of the month in which your employment status change occured to incur services. Unused contributions will be forfeited at the end of the plan year (NO EXCEPTIONS).
You have ninety (90) days after June 30, 2020 to claim/submit reimbursements (for services incurred before or on June 30, 2020) for the plan year July 1, 2019 through June 30, 2020 via the NBS Mobile App or completing the NBS reimbursement form and submitting it along with all copies of your receipt(s) and required documentation directly to National Benefit Services (NBS) via fax, mail, or email:
- Toll Free Fax: (844) 438‐1496
- Mail: National Benefit Services, LLC P.O. Box 6980, West Jordan, UT 84084
- Email: [email protected] (PDF, TIFF or JPEG files only)
If you have any questions or need additional reimbursement forms, please call (800) 274-0503 ext. 502 or download the forms from the NBS website.
Coronavirus (COVID-19) and FSA:
Please review the attached flyer for information on changes regarding the following:
- The CARES Act and OTC drugs and medicines eligibility
- Importance of direct deposit for reimbursements
- Cybersecurity
- HDHPs and COVID-19 testing and treatment
- Dependent Care election changes
FSA Store:
For those with Healthcare Expense Reimbursement Accounts, be sure to utilize the FSA store for more information on what products can be purchased at a store near you.
Important Notice:
Flexible Spending Accounts – Healthcare and/or Dependent Care Expense Reimbursement Account(s): You MUST ENROLL by submitting the RCUH Flexible Spending Enrollment/Change Form (B-5F) with your election amounts(s) for the new plan year. This benefit will not automatically continue into the new plan year.
Mahalo,
RCUH Benefits Section