TexFlex Spending Account Reminder

TTUHSC El Paso employees:

If you contributed to a TexFlex flexible spending account (FSA) in Plan Year 2023, now is a good time to double-check your FSA balance.

If you did not use all of your TexFlex FSA 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 $570 to Plan Year 2024 (starting Sept. 1, 2023). Any unspent funds over $570 will be forfeited. There is a minimum carryover amount of $25 if you did not re-enroll in the new plan year.

• Dependent care FSA participants: Unused funds will not carry over. But you do have until Nov. 15, 2023, to spend Plan Year 2023 funds in your dependent care FSA. Plan Year 2023 dependent care FSA funds not spent by Nov. 15, 2023, will be forfeited.

The last day to submit claims for all FSAs is Dec. 31.

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.