Flores and Associates - Elon University's Flexible Spending Account Administrator
Flores and Associates offers advantages in how employees can view as well as manage their Medical and Dependent Care flexible spending accounts (FSAs). Notifications are sent via email and/or via mail regarding claims, balances, and if receipts are needed for approval of transactions.
The new annual maximum contribution amount for the Medical FSA effective January 1, 2015 is $2,550. This limit is per participant and not per household. Therefore, if an employee and their legal spouse both participate in their respective employer’s FSA plans, they may have a combined household pre-tax contribution of $5,100 for the taxable year but neither may contribute more than the $2,550 per person pre-tax limit (e.g. one cannot contribute $2,100 and the other contribute $3,000). The annual maximum contribution amount for Dependent Care FSA is still $5,000.
Access your Flores and Associates account(s) anytime, anywhere! It's as easy as One, Two, Three!
Summary Plan Description
Contact Customer Service
Need Help? Call Customer Service, toll-free, at 800-532-3327, weekdays 8:30 a.m. to 5:00 p.m. eastern time.
Flexible Spending Account Qualified Expenses Guide
Please click here to view the medical flexible spending account Allowable Medical Expenses Guide.
Flexible Spending Account Grace Period
The grace period begins January 1st and ends March 15th following completion of the calendar year. The grace period provides more time to spend the funds in the flexible spending account. Any unused amounts not submitted for reimbursement by March 31st will be forfeited. Eligible expenses incurred during the grace period (January 1st through March 15th) and approved for reimbursement will be paid first from available amounts that were remaining on December 31st of the previous year and then paid from any available amounts for the current Plan Year.
Example: If you elected $1,000.00 for medical expenses for Plan Year 2014 and have a balance of $200.00 on December 31, 2014, you can submit qualified expenses incurred between January 1, 2015 and March 15, 2015 of 2015 for reimbursement of the remaining balance.
Please click on the links provided below for information about the flexible spending accounts with Flores & Associates.
Please call the Office of Human Resources at ext. 5560 if you have questions regarding the flexible spending program.