2025 FSA OPEN ENROLLMENT
Open Enrollment for the 2025 Flexible Spending Account (FSA) Plans begins on October 28, 2024 and ends on November 8, 2024. If you want an FSA in 2025, you must enroll before the deadline even if you’re currently participating. To be eligible, you must be a non-union, full-time Telepictures (tier 1) employee regularly scheduled to work at least 30 hours or more per week. Refer to the FSA Summary Plan Description (SPD) for complete eligibility details.
FSA elections are made on a year-to-year basis. You can use your 2025 FSA to pay or be reimbursed for eligible expenses incurred in 2025 (January 1, 2025 - December 31, 2025). If you elect to participate in the FSA for 2025, you will have until March 31, 2026, to submit your claims for eligible expenses you incur in 2025 or you will forfeit any remaining balance in your FSA account. 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, 2025 (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. Inspira Financial (formerly PayFlex) will continue to be the Administrator for the FSA Plan.
2025 FSA Health Care Account annual maximum is $3,200.
2025 FSA Dependent Care Account annual maximum is $5,000. If you're a highly compensated employee (you received compensation in 2023 in excess of $150,000), your election will be capped at $1,000).
OPEN ENROLLMENT TOOLS
HOW TO ENROLL
Step 1: Complete the FSA Enrollment Form
Step 2: UPLOAD the FSA Enrollment Form to the Benefits Department by November 8, 2024 via the the “Submit” button located upper right side of this page (just drag & drop) or, via U.S. Mail to TW Ventures – Benefits Department, 100 S. California Street, Building 700, Tower 1, 7th Floor, 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