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Navia Benefit Solutions

Open Enrollment For This Plan Period for FSA is from May 6th, 2024 through June 7th , 2024. The Plan is Effective from October 1st through September 30th

Set Aside Healthcare Dollars For The Coming Year

A healthcare FSA allows you to set aside tax-free money to pay for healthcare expenses you expect to have over the coming year. This program is administered through Navia and must be elected via BenefitBridge.

How Navia鈥檚 FSA Works

You estimate what you and your family鈥檚 out-of-pocket costs will be for the coming year. Think about what out-of-pocket costs you expect to have for eligible expenses such as office visits, surgery, dental and vision expenses, prescriptions, even eligible drugstore items.

You can contribute up to $3,200, the 2024 annual limit set by the IRS. Contributions are deducted from your pay pre-tax, meaning no federal or state tax on that amount.

During the year, you can use your FSA debit card to pay for services and products. Withdrawals are tax-free as long as they鈥檙e for eligible healthcare expenses.

Expenses must be incurred between 10/01/2024 and 09/30/2025 (2 陆 month 鈥済race period鈥� after the end of the plan year to incur claims) and claims must be submitted for reimbursement no later than 12/31/2025. If you don鈥檛 spend all the money in your account, you forfeit the leftover balance.

Elections cannot be changed during the plan year unless you experience a qualifying event.

You must re-enroll in this program each year.

Navia Benefit Solutions is the current administrator of our Flexible Spending Accounts (FSA) and Commuter benefits.

The Commuter account balances will continue the carryover feature as it has in the past.

The maximum amount that you can contribute is:

• $3,200 for healthcare/medical FSA
• $5,000 (per household) for dependent care FSA
• $360 each for commuter benefits (transit and parking)