Take advantage of the Special Enrollment Period for your HCFSA! Monday, March 3rd marked the first day of Service member enrollment for the Health Care Flexible Spending Account (HCFSA)! U.S. Office of Personnel Management (OPM) reported that on the first day of the Special Enrollment Period more than 1,040 Service members signed up for an HCFSA! Uniformed Service members have through March 31, 2025 to enroll but are encouraged to enroll early! For information on how to enroll visit Department of Defense - Office of Financial Readiness here: https://lnkd.in/eQKu_cPi
??Great News for Uniformed Service Members! ?? The Federal Flexible Spending Account Program (FSAFEDS) will offer the first opportunity for eligible members of the uniformed Services to enroll in a Health Care Flexible Spending Account (HCFSA) during a Special Enrollment Period, March 3-31, 2025. ?What is an HCFSA? -A pre-tax benefit account that’s used to pay for eligible medical, dental, and vision care expenses that are not covered by your health care plan or elsewhere -With an HCFSA, you can use pre-tax dollars to pay for qualified out-of-pocket health care expenses ?Who is eligible? -Members of Active Components -Reserve component members performing Active Guard Reserve (AGR) duty -National Guard members performing Active Guard duty (AGR) -Members of the U.S. Coast Guard Reserve, including Reserve Component Managers, when performing active duty for more than 180 days ?Where do you enroll? For registration and FAQs, visit: https://www.fsafeds.gov/ Department of Defense - Office of Financial Readiness United States Department of Defense