FSA & HSA OPEN ENROLLMENT
Your enrollment period for next year's FSA, HSA, LPFSA, DCA, and parking & transit FSA.
These savings accounts allow you to set aside a portion of your paycheck tax-free to pay for qualified health, dependent care, and commuting expenses!
Use this resource to see what to expect during open enrollment, how to enroll, and updated deferral limits for next year.
QUICK LINKS:
Watch this video for a quick overview of the flexible spending account (FSA) and health savings account (HSA)!
You can enroll in coverage for next year's tax-free savings accounts during the enrollment period. To enroll, log into your secure account at clients.nextep.com.
FSA and HSA plans do not renew from year to year. To comply with IRS regulations, these benefits must be elected each calendar year. Your current elections will not carry over to the next year.
All FSA/HSA accounts will have a January 1 effective date.
Please note, your company may or may not offer all of the benefits listed here. Learn more about your company's specific benefit offerings and costs online, via chat, email, or at 888-811-5150. Or, you may contact your health advocate for confidential, one-on-one guidance
Available Plans
Benefit plans that may be available during FSA/HSA open enrollment include:
Open enrollment for next year's FSA, HSA, LPFSA, DCA, and parking & transit FSA is easy and online!
- Log in at clients.nextep.com.
- Select My Info
- Click My Benefits, then Benefits Enrollment.
- Simple onscreen instructions will walk you through the enrollment process
- When you've made your elections, click Submit to finalize your enrollment.
Answers to your questions
Questions? We have answers! Here are your most frequent open enrollment questions.
For more answers specific to the available plans, please visit each of the links listed above.
Q: When is FSA open enrollment?
A: During year-end enrollment for FSA, HSA, LPFSA, DCA, and parking & transit FSA, employees may enroll, terminate, or make changes to selected plans online.
All FSA/HSA plan elections will have a January 1 effective date.
If you miss our online enrollment period, there will be another chance to enroll through December 31 using a form. Because this is past the open enrollment period, funds may not be immediately available on January 1. To ensure timely setup and accuracy, enroll during the online enrollment period.
Q: How about other benefits?
A: Open enrollment for medical, dental, vision, long and short-term disability, life, AD&D, critical illness, accident, legal, pet insurance, and ID theft protection benefits will be held in late summer for an October 1 effective date.
In addition to open enrollment, you may make changes within 30 days of a federally-qualified event, such as marriage, birth, divorce, or job loss. Changes must be in alignment with the event.
If you are eligible for your company's retirement plan through Nextep's provider, you are eligible to make changes to your 401(k) at the beginning of each week.
Q: Will my current elections roll over if I take no action?
A: FSA and HSA elections do not automatically renew each year.
To comply with IRS regulations, employees must re-enroll in the FSA and HSA benefit each year if they wish to continue participation.
Q: How will these benefits be deducted from my paycheck?
A: Deductions for your year-end benefit elections will begin on your first paycheck in January. Please be sure to check your first paycheck of the new year for accuracy.
FSA and HSA contributions are taken from your paycheck pre-tax.
Need help? Contact your health advocate for confidential, one-on-one guidance, or use the form below:
