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Background is a dark blue filter over a picture of a cellphone with a calendar on the screen in someone's hand. Across the picture is a red banner with the words: The All-New FSAFEDS.com is Open for Business in white text. Next to the words on the left is a blue circle with a dark blue sign that says open on it.

OPM is happy to announce that the all-new FSAFEDS.com is open for business to serve our current FSAFEDS participants. We’re excited about the new tools and flexibilities that will help you to easily manage your Flexible Spending Accounts.

What You Need to Know

The FSAFEDS program had a blackout period for claims and reimbursements as we transitioned to WageWorks, our new contractor. The system was brought online on September 1. The address for the website, www.FSAFEDS.com and the toll-free telephone number 1-877-FSAFEDS (877-372-3337) remain the same.

  • When current enrollees access your account through the new website for the first time, you’ll need to set up a new username and password and confirm your contact information by completing a quick registration process. That can be completed by clicking on "Register" at www.FSAFEDS.com. This process is also outlined in the “Registering for Account Access?” message board post found at: https://www.FSAFEDS.com/support/messageboard/2016-09-registering
  • For your convenience, we now have an FSAFEDS Android and Apple app for your phone. With the app, you may view your balance as well as submit eligible receipts.
  • To help you manage your out-of-pocket outlays, FSAFEDS has a new minimum reimbursement amount of just $5. Prior to September 1, that minimum reimbursement amount was $20.
  • If you are enrolled in FSAFEDS paperless reimbursement and incurred claims after the blackout period began on July 29, your carrier started sending those claims to FSAFEDS on September 8.  They will be processed as they are received.

So what is a Flexible Spending Account (FSA) and how does it save employees money? An FSA with FSAFEDS is a pre-tax benefit account that's used to pay for eligible medical, dental, vision care, or dependent care expenses - such as day care for young children and elder care expenses - that are not covered by insurance. With an FSA, you use pre-tax dollars to pay for qualified out-of-pocket health and dependent care expenses instead of post-tax dollars. This allows the average participant to save 30 percent on eligible expenses, typically including co-pays, some over-the-counter medicines and supplies, payments for caregivers, and more.

In other words, with an FSA, you can both reduce your taxes and get more for your money by saving about  30 percent off what you would normally pay for out-of-pocket health care and dependent care expenses  if you used your “take home pay” dollars. Plus, there is no cost to employees to enroll and use this program.

For more information on Flexible Spending Accounts, you can visit the website. There’s even a calculator to help you figure out potential cost savings.

To sign up for an FSA, unless you experience a change in status, you need to enroll or re-enroll during the annual Federal Benefits Open Season  from mid-November through mid-December (or during your first 60 days of employment for new employees) but here are links to information that will help you be prepared when the time comes:

How HealthCare (Medical, Dental, Vision) FSAs can help with costs: https://www.FSAFEDS.com/explore/hcfsa

How Dependent Care (Children and Adults) FSAs can help with costs:  https://www.FSAFEDS.com/explore/dcfsa

If you choose (or are interested in choosing) a high deductible healthcare plan, the LEX HCFSA might be for you:  https://www.FSAFEDS.com/explore/lex-hcfsa

If you have more questions, you can always reach out to the Customer Service center at FSAFEDS via phone, email, fax, or physical mail: https://www.FSAFEDS.com/contact


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