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Flexible Spending Accounts 2015 September 10, 2014 Presented by:

Flexible Spending Accounts 2015 September 10, 2014 Presented by:. The GIC has Selected a New Administrator for 2015. ASIFlex Based in Columbia , MO 400 Clients Nationwide in 27 states , many public sector clients

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Flexible Spending Accounts 2015 September 10, 2014 Presented by:

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  1. Flexible Spending Accounts 2015 September 10, 2014 Presented by:

  2. The GIC has Selected a New Administrator for 2015 • ASIFlex • Based in Columbia, MO • 400 Clients Nationwide in 27 states, many public sector clients • Will take over 2014 grace period and 2015 claims processing effective 1/1/2015 • Extended Customer Service Hours • 8 am to 8 pm Monday through Friday • 10 am to 2 pm Saturday • Participant Email • asi@asiflex.com • Toll-Free • Phone 1-800-659-3035 • Fax 1-877-879-9038

  3. Administrative Fee Reduced by 30%! • Monthly Participant Fee Reduced to $2.50! • Savings of $1.10 per month • For HCSA only, DCAP only, or both • Charged to participant account on pre-tax basis • Deducted in first pay period of each month

  4. Lower HCSA Minimum Election for 2015 * This may increase by $50 subject to IRS regulations

  5. 2015 Open Enrollment • October 14 through December 5 • Current participants must re-enroll online • www.asiflex.com • New participants complete form and return to you • Coordinators send to ASIFlex by fax or email • Information also available at www.mass.gov/gic/fsa

  6. Multiple Claim Filing Options

  7. ASIFlex HCSA Card • No follow-up documentation required for transactions that match health plan co-payments • Keep in mind: participants must save receipts as IRS requires follow-up documentation for: • All medical (hospital, lab, x-ray, physician, etc.) expenses • All dental expenses • All vision expenses

  8. Breakfast Meetings and New Webinar Option: 8:30-10AM

  9. Additional Info at Breakfast Meetings and Webinar • Open enrollment materials (or download from the GIC’s website) • Procedural details • Questions and answers • RSVP no later than September 12 via link on e-mail you receive or Coordinator News section of www.mass.gov/gic/coordinator

  10. Thank you for your help with the fall FSA open enrollment!

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