About the program
If you are a benefit eligible employee, you have the opportunity to participate in a Flexible Spending Account, now administered by Payflex. Participants may elect to deduct up to a maximum of $3,050 annually for the purposes of receiving reimbursement for medical, dental and vision care expenses not covered by insurance.
What's new for 2024?
- If you have an FSA and choose to continue for 2024, you will need to elect an annual amount. The Flexible Spending Account (FSA) expires annually so you must actively enroll if you want this benefit.
- View the 2024 employee benefit summary guide for coverage details. The 2023 employee benefit guide is still available for reference.
- Learn more about the 2024 Open Enrollment period or attend a support session
The PayFlex Card 2024 PayFlex FSA Summary The PayFlex App PayFlex Reimbursement Guide 2024 PayFlex Presentation
Payflex
- Employer: Trinity University (Flex) #136538
- Group: #136538
1-844-729-3539
Monday through Friday, 7 a.m.-7 p.m. CST
Saturday, 9 a.m. to 2 p.m CST
payflex.com
Before you send:
- Attach your receipt. A separate form much be completed for each person
- Send or fax to Payflex.
Benefits
Pre-tax deductions allowing for additional savings
The primary benefit of participating in the program is, deductions are taken on a pre tax basis allowing for additional tax savings. However, you should be aware that any unused dollars remaining in your Flexible Spending Account at the end of the plan year will be forfeited and are not available for return to the employee.
Allocations and allowances
Under IRS rules, changes to allocations may only be made for bonafide family status changes. You may use your TFBP allowance and/or “pre tax” dollars for this program. Expenses may be claimed for yourself, spouse and dependent children up to age 26, even if not covered under the Trinity medical, dental or vision plans and reimbursement is done by utilizing your PayFlex account card.
Estimating expenses
The worksheet on page 27 of the Benefits guide is designed to help you estimate medical care expenses not covered under a health insurance plan for the plan year. The expenses listed may have limitations or conditions that must be met before reimbursement is permitted.
Questions: If you have a question on whether an expense is covered under the Flexible Spending Account, please consult with PayFlex or Human Resources before including it in your election.