Flexible spending account

An FSA allows you to use pre-tax dollars for health care expenses not covered by your insurance. It saves you money by reducing your taxable income, which saves you money. 

Eligible health care expenses can be reimbursed by submitting claims and supporting documentation to the claims administrator, ASIFlex. Some health care expenses can be paid at the point of service with an ASIFlex-issued debit card. Visit the ASIFlex Debit Card webpage for more information on the debit card and documentation requirements.

New enrollment is required each year during the annual open enrollment period for the next calendar plan year, January to December. 

Limited health care FSA

Enrollees in the High Deductible Health Plan with Health Savings Account may not enroll in the health care FSA. Instead, they may enroll in the limited health care FSA, which covers dental and vision-related expenses only.

Contribution limits for plan year 2025

• You may contribute up to $3,200 to pay uninsured, eligible healthcare expenses for both you and your tax-qualified dependents each calendar year, January to December.
• If you and your spouse both work and a plan is offered by both employers, you can each contribute $3,200.
• Your contributions cannot exceed $3,200 for the calendar year. If you contributed to another employer’s FSA during the calendar year, you will need to take those contributions into consideration when selecting a contribution amount with ASU.

Use-it-or-lose-it-rule

Any unused balance, up to $640, remaining in the participant’s FSA at the end of the 2024 plan year will be carried over to the 2025 plan year for reimbursement of medical care expenses incurred during the subsequent plan year.

Participants should estimate their expenses carefully using ASIFlex’s tax savings calculator. The deadline for filing your 2024 Flexible Spending Account (FSA) for expenses incurred between January 1 and December 31, 2024, is March 31, 2025. This applies to your Healthcare FSA, Limited Purpose FSA, and Daycare/Elder FSA. See this information guide for complete details.

Employment ineligibility or separation

If you become ineligible during the plan year, your deductions and participation will cease. Your last deduction will be withheld from the paycheck issued for the pay period in which you became ineligible. Claims for eligible expenses incurred during the plan year must be submitted by April 30, following the end of the plan year.

FSA resources 

• Account balance and availability, ASIFlex
• FSA claim form
• FSA Plan document
• FSA Plan Participant Information