27 January 2012
Flexible Spending Accounts: Important Information
How to Use up Your 2011 Balances
There has been some confusion around the subject of spending your 2011 FSA balances in 2012. There are various ways that this process is set up for different employers, and we have previously receive mixed messages from ADP. Please note that the process below is the correct process for our FSA account with ADP. Please be sure you are familiar with this process, should you have an FSA balance from 2011.
If you have a 2012 FSA Account: For employees with 2011 FSA balances leftover in 2012, simply swipe your card as usual. The money will initially come out of your 2012 balance, but our FSA Administrator will adjust your accounts on a weekly basis, so that the 2011 funds are then transferred into your 2012 account. This will occur until last year’s balance is gone or until March 15 – whichever comes first.
If you do not have a 2012 FSA Account: If you had an FSA in 2011, but did not elect one in 2012 (but still have a balance from last year) – the process is different. You will have to pay for services out of pocket and then file a paper claim. You will have until March 15, 2012 to use your 2011 balance.
Remember, you have until March 15, 2012 to use your balance from 2011. Log in to your secure account to check your balance today at flexdirect.adp.com or call 800-654-6695 to speak to an ADP representative about your account.