Special COVID-19 Provisions:
For employees with a 2020 FSA balance, the grace period for medical and dependent care FSA accounts has been extended through the end of 2021. Claims must be submitted no later than 12/31/21.
For the 2021 FSA Plan Year, employees can prospectively make mid-year medical and dependent care FSA changes (elect, cancel, or change yearly contribution amounts) without a qualifying event. Election changes cannot reduce your contribution below the amount contributed or reimbursed year to date. Under this provision, changes must be submitted no later than 11/24/21, with coverage effective in the pay period following the date the change is submitted.
2021 Plan Year FSA Grace Period Extension: The 2021 Flexible Spending Account Grace Period is extended through 12/31/22. Participants may submit Medical and Dependent Care FSA claims incurred from 1/1/21 through 12/31/22 for reimbursement from their outstanding 2021 Plan Year FSA account balance. Claims must be submitted to PacificSource Administrators (PSA) no later than 12/31/22.
- What is an FSA / TRA?
- Contact & Account Info
- Important Information
- FSA Resources
What is an FSA/TRA?
Flexible Spending Accounts (FSA) and Transportation Reimbursement Accounts (TRA) allow you to use pre-tax dollars to pay for certain dependent care, health care, and transportation expenses that you would normally pay for with after-tax dollars. This can mean a significant tax savings on qualified expenses.
You have 30 days from the date you begin working to enroll in this plan, or you may enroll during the annual open enrollment period held in December. To continue participation, you must re-enroll each year.
For FSA/TRA new hire enrollment, within 30 days of hire, log into Employee Self Service in PeopleSoft, select the Benefit Details tile and complete the steps under Benefits Enrollment. For FSA qualifying event changes mid-year, you will create a life event under the Benefit Details tile and for TRA qualifying event changes mid-year, you will need to complete a paper form.
All regular full and part-time employees are eligible to participate in the FSA/TRA program.
Carefully review the FSA/TRA handbook and the enrollment form for specific regulations.
FSA Health Care Account
Defer money pre-tax to pay for eligible medical, dental, and vision out-of-pocket expenses for you and your qualified dependents.
FSA Dependent Care Account
You can defer money pre-tax for dependent care expenses which are necessary to allow you to work.
Transportation Reimbursement Account (TRA)
With a TRA account, you can pay for certain transportation expenses with before-tax dollars. Expenses must be tax-qualified (allowable deductions or credits under current IRS regulations). Allowable deductions include van pool and parking expenses. The deferrable dollar amounts for each option are on the enrollment form.
"Use it or lose it"
Under IRS rules, any funds remaining in your FSA at the end of the plan year and grace period are forfeited and not allowed to be refunded by the City of Eugene. (Special rules apply to the TRA program).
Once the plan year ends, you have an additional 2 1/2 months to incur healthcare and dependent care expenses that can be submitted for reimbursement under your prior year’s account. This gives you more time to exhaust any funds you may have left at the end of the year. Additional information is available in the FSA Grace Period Q&A.
- FSA Claim Form Opens a New Window.
- TRA Claim Form Opens a New Window.
- FSA Direct Deposit Enrollment Form Opens a New Window.
- FSA Health Care Eligible and Ineligible Expenses Opens a New Window.
- FSA Letter of Medical Necessity Opens a New Window.
- FSA Brochure Opens a New Window.
- FSA/TRA Handbook Opens a New Window.
- EasyPay FAQs Opens a New Window.
- Opens a New Window. FSA Benefits Card Brochure Opens a New Window.
- FSA Grace Period Q & A Opens a New Window. Opens a New Window. Opens a New Window.
- PacificSource Administrators website