2020 FSA Open Enrollment
Open Enrollment for the 2020 Flexible Spending Account (FSA) Plans begins on November 4th and ends on November 15, 2019. If you want an FSA in 2019, you must enroll before the deadline even if you’re currently participating.
FSA elections are made on a year-to-year basis. The amount you choose for the year is divided by the number of paychecks in your pay cycle and deducted from each paycheck on a pre-tax basis. Your deduction may increase at the end of the year to make up for any unpaid hiatus weeks. Any elections made during Open Enrollment are effective and irrevocable as of January 1, 2020 (unless you have a qualified change in status and make a corresponding election within 30 days). And, remember to be conservative in your election because if you don’t use it, you lose it.
2020 FSA Health Care Account annual maximum increases to $2,700 from $2,650.
2020 FSA Dependent Care Account annual maximum remains at $5,000. If you're a highly compensated employee (you received compensation in 2019 in excess of $125,000), your election will be capped at $1,000).
Open Enrollment Tools
How to enroll
Step 1: Complete the FSA Open Enrollment Form by November 15, 2019
Step 2: SUBMIT the form to the Benefits Department by:
Secure web link EMPLOYEE FORMS posted (be sure to save a copy of your form first in your computer, then upload it to the web link) OR,
Interoffice mail to Benefits, Building 171, Suite 1000, OR
U.S. Mail to TW Ventures – Benefits Department, 3500 W. Olive Avenue #1000, Burbank, CA 91505
FAXES AND EMAIL SCANS WILL NOT BE ACCEPTED