IAPMO HUMAN RESOURCES
SUCCESS THROUGH PEOPLE
Flexible Spending Account
&
Health Reimbursement Account
Flexible Spending Account (FSA)/Dependent Care Flexible Spending Account (DCFSA) & Health Reimbursement Account (HRA)
IAPMO offers IRS permitted medical accounts for IRS deemed medical-related expenses. The coverage is extended to the employee's spouse or domestic partner, and eligible dependent children. Please note: A child's eligibility varies by plan.
It is very important that you make yourself aware of plan details, dependent
and expense eligibility, claims processes and important plan dates.
For questions on your plan please feel free to contact WEX or Login at
Guides for all your plan needs.
flexible spending account (fsa)
Previous Plan Year: 1/1/2023 - 12/31/2023
Current Plan Year: 1/1/2024 - 12/31/2024
FSA 2022 PLAN YEAR IRS Limit $3,200
Eligible Dependents: For EE and qualifying dependents' IRS-approved medical expenses including copays, deductibles, Rx’s, dental, vision, etc.
CA Employees & Out-of-State Employees - eligible IAPMO employees may enroll in a health Flexible Spending Account (FSA). The intended purpose of IAPMO's FSA accounts is to help employees pay for IRS-eligible expenses using pre-taxed dollars.
Enrollment & Funds:
Enrollment into these plans is on a calendar year basis. Enrollment occurs in November for the coming year. Payroll deductions for elected amounts begin on the 1/15 pay period and end on the 12/31 pay period. Enrollment needs to be done every year, and funds need to be used by the run-out period.
Plan Year Card Usage :
On January 1st your DB card was funded with your FSA enrollment election. The new funds may only be used toward incurred expenses that plan year.
To pay for services incurred in the previous plan year, you may file a request for reimbursement or use the Pay the Provider feature online using the previous plan year's funds. (See 90-Day Run-Out Period for deadline)
90-Day Run-Out Period:
You have until March 31st, to file any claims incurred in the previous plan year. Do not delay in filing claims!
$640 Carry-Over:
Remaining funds in the previous plan year's FSA account of up to $640 by 12/31 will be applied to your coming year's FSA account 7-10 business days after the Run-Out Period. Carry-over funds can then be used toward IRS-eligible expenses incurred in the previous plan year.
New!
Dependent CARE flexible spending account (dCfsa)
Previous Plan Year: 1/1/2023 - 12/31/2023
Current Plan Year: 1/1/2024 - 12/31/2024
DFSA 2022 IRS Limit: $2500 for married filing separately, $5000 for married filing jointly.
Eligible Dependents: IRS-approved daycare expenses for children 13 and under, expenses for dependent elderly parents and or disabled adult children
CA Employees & Out-of-State Employees - eligible IAPMO employees may enroll in a Dependent Care Flexible Spending Account (DCFSA) employee and eligible dependents. Per IRS regulations eligible child dependent is one who is under the age of 13.
These plans are available to employees with a semi-monthly payroll deduction based on the IRS limits and the employee's elected Annual Enrollment Amount. For the current IRS limits please see the amounts listed below.
Enrollment & Funds:
Enrollment into these plans is on a calendar year basis. Enrollment occurs in November for the coming year. Payroll deductions for elected amounts begin on the 1/15 pay period and end on the 12/31 pay period. Enrollment needs to be done every year, and funds need to be used by the run-out period.
Card Usage - 2 ½ month Grace Period :
You may continue to use your Dependent Care DB card for the current and previous plan year incurred expenses for the first 2 ½ months of the new year. This is known as the Grace Period, which expires on March 15th.
After March 15th your card may only be used toward the current plan year incurred expenses. To pay for services incurred in the previous plan year, you may file a request for reimbursement or use the Pay the Provider feature online using the previous plan year's funds. (See 90-Day Run-Out Period for deadline)
90-Day Run-Out Period:
You have until March 31st, to file any claims incurred in the previous plan year. Due to IRS regulations, claims with previous plan year dates of service will not be accepted after the Run-Out Period has ended. Don’t delay in filing claims
health reimbursement account (HRA)
Previous Plan Year: 1/1/2023 - 12/31/2023
Current Plan Year: 1/1/2024 - 12/31/2024
HRA Employer Contribution $3350 for individuals & $6600 For employers eligible families for benefits on 1/1
Out-of-State Employees - eligible IAPMO employees based Outside of CA receive a Health Reimbursement Account (HRA) to supplement their BlueShield Full Combined Deductible 2800/5200 plan for the employee and eligible dependents. For the employer contribution amount see below.
Note: This plan is intended to assist employees on the high deductible health plan to pay for medical expenses that may be applied toward the deductible. This does not include dental or vision. For a pre-taxed benefit toward those expenses, you may enroll in the HCFSA.
Enrollment & Funds:
Enrollment into these plans is on a calendar year basis. Enrollment occurs in November for the coming year. Payroll deductions for elected amounts begin on the 1/15 pay period and end on the 12/31 pay period. Enrollment needs to be done every year, and funds need to be used by the run-out period.
Annual Card Usage:
On January 1st your DB card was funded with the established plan year's HRA Employer Contribution. You may only use these new funds on your card toward the current plan year incurred expenses.
To pay for services incurred in the previous plan year, you may file a request for reimbursement or use the Pay the Provider feature online using the previous plan year's funds. (See 120-Day Run-Out Period for deadline)
120-Day Run-Out Period:
You have through April 30 (120 days after the plan year ends), to file any claims incurred in the previous plan year. Due to IRS regulations, claims with previous plan year dates of service will not be accepted after the Run-Out Period has ended. Be sure to act quickly!