2021 FSA Open Enrollment

Open Enrollment for the 2021 Flexible Spending Account (FSA) Plans begins on November 2nd and ends on November 13, 2020. If you want an FSA in 2021, 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, 2021 (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.

• 2021 FSA Health Care Account annual maximum is $2,700.

• 2021 FSA Dependent Care Account annual maximum is $5,000. If you're a highly compensated employee (you received compensation in 2020 in excess of $130,000), your election will be capped at $1,000).

OPEN ENROLLMENT TOOLS

• FSA Enrollment Guide

• FSA Enrollment Form

• Frequently Asked Questions

• Is it eligible? Health Care FSA

• Is it eligible? Dependent Day Care FSA

• Expense Calculator

• PayFlex Debit Card

• PayFlex Mobile App

• Direct Deposit Authorization Form

• Summary Plan Description / Summary of Material Modifications (September 2020)

• FSA Reimbursement Form

HOW TO ENROLL

Step 1: Complete the FSA Enrollment Form

Step 2: SUBMIT the FSA Enrollment Form to the Benefits Department by November 13, 2020:

• SECURE WEB LINK FOR EMPLOYEE FORMS (just drag & drop) OR,

• U.S. Mail to TW Ventures – Benefits Department, 3500 W. Olive Avenue #1000, Burbank, CA 91505  (if you submit via U.S. Mail, please be advised that there may be a delay in processing your election).

FAXES AND EMAIL SCANS WILL NOT BE ACCEPTED

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