Employees Retirement System of Texas
Employees Retirement System of Texas
07/08/2024 | News release | Distributed by Public on 07/08/2024 21:10
Use your FSA funds and plan year benefits by Aug. 31
Use your FSA funds and plan year benefits by Aug. 31
August 07, 2024
2-minute read
If you contributed to a TexFlexSM flexible spending account (FSA) in Plan Year 2024, now's a good time to double-check your balance.
If you didn't use all of your funds, you still have time. If you have a health care or limited-purpose FSA, there are a number of eligible products you can stock up on. The online FSA store is a good resource. Just be sure to keep your receipts. You can also view a list of common eligible expenses on the TexFlex website.
If you don't spend the money in your FSA by Aug. 31, take note:
Health care and/or limited-purpose FSA participants: You can carry over up to $610 to Plan Year 2025 (starting Sept. 1). Any unspent funds over $610 will be forfeited. There is a minimum carryover amount of $25 if you didn't re-enroll in the new plan year.
Dependent care FSA participants: Unused funds will not carry over. But you do have until Nov. 15, 2024, to spend Plan Year 2024 funds in your dependent care FSA. Plan Year 2024 dependent care FSA funds not spent by then will be forfeited.
The last day to submit claims for all FSAs is Dec. 31.
Plan Year 2025 FSA contribution limits
If you're a new employee and want to contribute to one or two FSAs in Plan Year 2025, please see the annual minimums and new maximums for the following flexible spending accounts (effective Sept. 1). Find more information on ERS' TexFlex webpage and the TexFlex website. For more information, please log in to your TexFlex account or contact TexFlex Customer Care toll free at (866) 353-9839 (TTY: 711), Monday - Friday, 7 a.m. - 7 p.m. CT or Saturday, 9 a.m. - 2 p.m. CT.
| Type of FSA | Annual minimum contribution | Annual maximum contribution effective Sept. 1 |
| Health care | $180 | $3,200 |
| Limited-purpose | $180 | $3,200 |
| Dependent Care | $180 | $5,000 |
Group Benefit Plans
Your Texas Employees Group Benefits Program plans cover preventive care like an annual benefits like a physical, well-woman exam, eye exam, immunizations and screenings through the health plans; eye exam and glasses/contacts allowance through State of Texas VisionaSM; and periodic dental cleanings and x-rays through the dental plans. Some of them are available at no cost from in-network providers. Take full advantage of your benefits, if you haven't already, by using them before the plan year ends Aug. 31.