Health and Dependent Care FSA

Posted By: HR avatar

Published to Newsletter on Mar 01, 2023

If you are enrolled in FSA for FY23 Plan Year (July 1, 2022 – June 30, 2023), please note the below important deadlines:

Health Care FSA

  • Deadline to file claims for unused funds is Nov. 30, 2023 for claims incurred during the Plan Year FY23
  • Health Care Carry-Over Allowance is $570 that may be used in Plan Year FY24 (July 1, 2023 – June 30, 2024)

Dependent Care FSA

  • Deadline to incur claims is Sept. 15, 2023
  • Deadline to file claims is Nov. 30, 2023

As a reminder, the Health Care FSA is now more flexible. In addition to the traditional items that your FSA money can be used to buy – like eyeglasses, contact lenses, therapy, acupuncture, first aid kits, smoking cessation programs – your FSA funds can be used for:

  • Over-the-counter medications, including allergy and cold medicines
  • Feminine hygiene products
  • Ordering online and shipping to your door via:

    - FSA Store

    - My Health Shopper

    - Walgreens and CVS

Check out the FSA | HSA Health Shopper for even more eligible expenses!

Don’t wait! There are many things you can use your remaining FSA money for!

Visit the FSA website for more information.

UNM Benefits Open Enrollment for the FY24 Plan Year (July 1, 2023—June 30, 2024) is coming soon! Please keep in mind enrollment in Flexible Spending Account (FSA) and Dependent Care FSA is not automatic and you must re-enroll during Open Enrollment each plan year.

For questions, contact Benefits & Employee Wellness at 505.277.6947 or hrbenefits@unm.edu.


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