Welcome! Open enrollment for the Industrial Manufacturing Company’s FSA plan is now through November 30th, 2014. If you want to participate in the plan effective January 1, 2015, you must enroll during this time. Use the links to the right to learn about the benefits of joining an FSA!

Benny FSA Debit Card: Each 2015 participant will automatically receive two Benny FSA debit cards at their home in mid December. 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.

New for the 2015 plan year! 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 2015 FSA healthcare contributions is reduced! Plus, the FSA rollover provision eliminates the mad scramble at the end of the plan year to spend your remaining 2015 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!

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.