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Spending and Saving Accounts

FSA Grace Period Extended

To help faculty and staff better manage their Health Care, Limited Purpose, and Dependent Care FSA plans, the Grace Period to incur eligible expenses for 2020 funds has been extended.

 

2020 Health Care, Limited Purpose, and Dependent Care Accounts

  • If you currently have a 2021 Health Care, Limited Purpose FSA, and/or Dependent Care Account, your unused 2020 funds will be moved into your 2021 account.
  • If you don’t have a 2021 Health Care, Limited Purpose FSA, and/or Dependent Care Account, Payflex has created a 2021 account specifically with your 2020 unused funds.
  • Any 2020 funds not used by 12/31/2021 will be forfeited.

2021 Health Care, Limited Purpose, and Dependent Care Accounts

  • If you sign up for a 2022 Health Care, Limited Purpose FSA, and/or Dependent Care Account during Open Enrollment, your unused 2021 funds will be moved into your 2022 account.
  • If you don’t sign up for a 2022 Health Care, Limited Purpose FSA, and/or Dependent Care Account during Open Enrollment, Payflex will created a 2022 account specifically with your 2021 unused funds.
  • Any 2021 funds not used by 12/31/2022 will be forfeited.

Questions

If you have any questions, please contact PayFlex Customer Service at 1-844-PAYFLEX. They are available Monday – Friday, 7 a.m. – 7 p.m. CT, and Saturday, 9 a.m. – 2 p.m. CT.

Northwestern employees can establish the following accounts to reimburse certain expenses:

Flexible Spending Accounts (FSAs)

Health Savings Accounts (HSAs)

How to enroll

Questions on how to activate your PayFlex Card? Review the answers to some FAQs. The Northwestern University employer code at PayFlex is 100398.

*Must be considered an employee of the University to participate.