Flexible Spending
Plan Administrator
The Flexible Spending Account (FSA) is an IRS-authorized account available through OUSD and administered through Inspira Financial/ PayFlex Systems USA, Inc.
Employees enrolled in this plan will not pay income or Social Security taxes on the amount contributed to an FSA, thereby lowering their taxable income. This will slightly decrease the employee's average earnings reported to the IRS for Social Security retirement benefits; however, the current tax savings more than offset this loss.
All services must be incurred by the last day of the plan year; any remaining funds will be forfeited and used to offset the administrative cost of the program.
2024 Plan Options
Healthcare FSA
Cost / Month
Annual election divided by remaining pay periods
Plan Overview
Minimum Annual Election: $150
Maximum Annual Election: $3,200
Purpose
Unreimbursed medical, dental, prescription, and vision expenses
Usage Period
Open Enrollment Plan Start Date: January 1
Qualifying Event Plan Start Date: First of month following date of event
Plan End Date: December 31
Grace Period End Date: 75 days after plan end date
Claim Filing Deadline: 90 days after plan end date
See Plan Details for additional information
Dependent Care FSA
Cost / Month
Annual election divided by remaining pay periods
Election Amounts
Minimum Annual Election: $150
Maximum Annual Election: $5,000*
Purpose
Daycare, before & after-school care, in-home care for disabled dependents
Usage Period
Open Enrollment Plan Start Date: January 1
Qualifying Event Plan Start Date: First of month following date of event
Plan End Date: December 31
Grace Period End Date: 75 days after plan end date
Claim Filing Deadline: 90 days after plan end date
See Plan Details for additional information
