For additional information, call 877.837.5017. Claim forms may be faxed to WEX at 253.793.3766. Once you are enrolled, it is easy to access information and download forms through their website at Loyola Express. administers the FSA plan for Loyola University Chicago. Your current election does not automatically carry over from one year to the next. Please visit the IRS website to learn more.Īll flexible spending accounts require re-enrollment every year during Open Enrollment in the fall. Loyola will allow 2022 Health Care FSA and Limited FSA participants to carry over up to $570 of any amount remaining unused as of the end of the year (2022) to the following year (2023). Note: You have until March 31, 2023 to submit receipts for reimbursement. If you have a qualifying life event, please contact the Benefits team directly at make changes.Īny money in excess of the $570 rollover limit not used for allowable expenses within the 2022 calendar year will be forfeited and will not be refunded. Elections cannot by changed during the calendar year unless you experience a qualifying life event. You must enroll through Employee Self-Service during Open Enrollment, or within your first 31 days of employment. Dependent care flexible spending accounts are available regardless of health care plan option chosen, as long as you have at least one eligible dependent. Employees who enroll in PPO 3 HSA are eligible to enroll in a limited flexible spending account (dental and vision only) in addition to a health savings account, instead of a full health care flexible spending account. If you are a full-time University benefit-eligible faculty or staff (.80 FTE or higher), you are eligible to enroll in flexible spending accounts. The Flexible Spending Account (FSA) Vendor is WEX. Receipts may be required for some but not all transactions. When using your WEX debit card to pay for medical, dental & vision expenses it is a requirement by the IRS to have documentation to support the transaction. Dependent Care Flexible Spending Account.
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