BASIC NEO

GPD Group

Welcome! Open enrollment for GPD Group’s Flexible Spending Account plan is now through December 31, 2014. If you want to participate in the plan for the 2015 plan year, you must enroll before that date.

If you are not already familiar with the FSA plan and how it works, use the links to the right to learn about the plan. The FSA brochure contains important information about when you can (and can’t) change your election, qualified expenses and how using the plan saves you money. The Savings Calculator page will show you approximately how much you will save in taxes based on your personal income and tax situation.

Use-it or Roll-Over $500. The Treasury Department’s ruling on October 31, 2013 modifies the “use-it-or-lose-it” provision to allow the rollover of up to $500 of unused Health FSA funds to the next plan year. This means that the risk of forfeiting your FSA healthcare contributions is reduced! Plus, the FSA rollover provision eliminates the mad scramble at the end of the plan year to spend remaining Health FSA funds. Now is the perfect time to take a closer look at a Healthcare Flexible Spending Account (FSA) and take advantage of increased tax savings.

Benny FSA Debit Card: Use the card to pay for eligible healthcare expenses at physicians’ offices, hospitals, retail stores, etc. The debit card greatly reduces the number of claims that you must submit for reimbursement! However, keep your receipts as some debit card transactions will require that you submit documentation of the card swipe to NEO. It is important that you read the Debit Card Guidelines and the Debit Card Brochure on the right sidebar to understand how the card program works.

You may make changes to your election any time up to the deadline date noted above. Make the changes you want and resubmit your election. Your prior election will be overwritten.

Please contact NEO directly if you have any questions about the plan or have problems with your election process, 1-800-775-3539 or admin@FlexNEO.com.

[message_box title="Enrollment is Closed" color="yellow"]The FSA Open Enrollment period for your company has expired. If you are entering the plan mid-year as a newly eligible employee or because of a change in status, contact your benefits manager to make your election.[/message_box]

Helpful Information and Resources

Save big by paying for health or child care expenses with pretax dollars!

What’s covered under my FSA?

Eligible/Ineligible Expenses List
Special Rules for Orthodontia and OTC Drugs and Medications

Carryover provision for Medical FSA plans

For all plan years beginning in 2020, the amount that employers may allow employees to carryover from one plan year to the next will be indexed in step with the maximum salary reduction amount permitted each year. This means that $550 may be carried over from a plan year starting in 2020 to the following plan year beginning in 2021.

Frequently asked questions about using the FSA plan.

FSA FAQs

How do I access my FSA funds?

Use your BASIC Prepaid Benefits Card to pay for expenses at the point of purchase, or submit claims to get reimbursed directly.

How do I use my BASIC Prepaid Benefits Card?

Your debit card will be loaded with your full Medical annual election at the beginning of your Plan Year. You can use your card to pay for expenses after the first date of the plan. You cannot use your card to pay for previous year’s expenses.

Do I get a new debit card every year?

No, your debit card is good until the expiration date listed on the front of the card. Please keep your debit card until that date. New debit cards will automatically be issued to you before the expiration date.

Use this cool tool to estimate how much you can save using the FSA plan.

Savings Calculator

What is the deadline to submit a claim?

Active employees have 90 days after the last day of the Plan Year to submit claims for expenses incurred in the prior year. For example, if your Plan Year ends December 31st, you will have until March 31st of the following year (90 days) to mail, fax or email your claim(s) to our office. Any claims after that date will not be accepted.

Payroll Frequency

This describes how often you get paid and the number of times that your FSA deduction will be taken from your check throughout the plan year.

Per Pay Deduction

This is the amount you choose to have withheld from each paycheck.

Looking for ways to use your FSA dollars?

FSAStore.com offers the largest online selection of FSA-eligible products, accepts your BASIC Prepaid Benefits Card, and offers free shipping on all orders of $50 or more. Click here to get $10 off your next purchase!

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