The following section is for participants who are enrolled in, or eligible to elect, the Health Care Flexible Spending Account (HFSA) and/or Dependent Care Flexible Spending Account (DFSA).
Need Help Choosing Your FSA Contribution Amount(s) for Next Year?
Use the “Estimate how much to contribute” tool on the YBR website during annual open enrollment to estimate your potential healthcare and/or dependent care expenses.
To be eligible to enroll in an HFSA or a DFSA, you must be a regular full-time or regular part-time employee.
You must actively elect the HFSA and/or DFSA during the annual open enrollment period each year.
Elections do not roll over year-to-year.
This means that if you do not make a contribution election for the HFSA and/or DFSA during this annual open enrollment period, you will not participate in either or both accounts for 2017.
Use it or lose it. You will forfeit any 2016 HFSA and/or DFSA balances if not used by the deadline(s) to incur expenses (March 15, 2017 for HFSA expenses; December 31, 2016 for DFSA expenses) and claims are not submitted (postmarked or faxed to Your Spending Account™ [YSA], or uploaded to the YSA website or the YSA Reimburse Me app) by April 15, 2017.
You must keep all your receipts for eligible expenses. You may be asked to submit them for reimbursement. If you cannot provide proof of a claim with a receipt, YSA will deactivate your HFSA debit card and you will need either to submit payment to cover those expenses or submit substitute receipts for any other eligible out-of-pocket expenses. Your HFSA debit card will be reactivated once you have submitted the necessary payment or valid receipts.
If you are enrolled in the HFSA in 2016 and re-enroll for 2017:
If you newly enroll in an FSA for 2017, you will receive a “welcome” letter in the mail from YSA in December. The YSA website (accessible directly from the YBR website) provides all the tools and information you need to manage your account(s). For example, you can view your account balance(s), submit and check the status of claims, learn about eligible expenses and more.
Key Dates | What You Need to Know/What You Need to Do |
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NOVEMBER 30, 2016 |
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DECEMBER 31, 2016 |
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JANUARY 1, 2017 |
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MARCH 15, 2017 |
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APRIL 15, 2017 |
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Check Out FSAstore.com: Your One-Stop Shop for HFSA-Eligible Products
FSAstore.com eliminates the guesswork about eligibility when you use your HFSA to pay for healthcare items other than prescription drugs. How? By selling only FSA-eligible items — more than 4,000 in all — such as first-aid supplies, sunscreen, contact lenses and solutions, over-the-counter medications and more. Shipping is free for orders over $50 and discounts are available.
You can use your YSA debit card to pay for any eligible purchase, and you will not need to submit receipts to YSA.
You can link to FSAstore.com from the YSA website on YBR, or directly at FSAstore.com.
For More Information
If you have questions about your
*Includes active employees; employees on a leave of absence (LOA) or Short Term Disability (STD); and COBRA participants.