Flexible Spending Accounts (FSA)

All regular full-time or regular part-time employees are eligible. The FSA can be elected with any of the UA Choice health care plans.

  • Extended Temporary and Temporary employees are not eligible for the FSA.
  • You can elect a dependent care FSA with a Health Savings Account (HSA).
  • You cannot  have a health care FSA with an HSA.

FSA accounts allow you to:

  • Set aside a portion of your pre-tax income
  • Request tax-free withdrawals from your account to reimburse yourself when you experience a qualified medical expense 

The University's FSAs are managed by ASIFlex. Visit ASIFlex.com to:

  • Access resources, videos, and useful links to IRS-related publications and account details
  • Understand qualified medical expenses
  • Request a debit card

To learn all about the FSA with ASIFlex, watch this videofor all of the features, or read the Quick Guide for a more information on using your account. 

  • Helps you pay for your medical, dental, and vision out-of-pocket expenses.
  • The full goal amount you elect is available from your first day of eligibility in this plan.

The maximum contribution for FY21 is $2,750.

Unused Funds

There is a 90 day run out period for your remaining funds after the end of the plan year. You must submit your FSA expenses no later than September 30 for expenses incurred between the previous July 1 through June 30. 

Unused funds will not rollover to future years and will be forfeited at the end of the plan year. 

  • Helps you pay for employment-related day care expenses for a dependent.
  • Funds are only available for reimbursement as they are deposited to your account. The University remits deposits once a month, at month-end.

The maximum contribution for FY21 is $5,000.

Unused Funds

There is a 90 day run out period for your remaining funds after the end of the plan year. You must submit your FSA expenses no later than September 30 for expenses incurred between the previous July 1 through June 30. 

Unused funds will not rollover to future years and will be forfeited at the end of the plan year. 

‚ÄčAs a new employee, you may elect to enroll in an FSA when completing the UA Choice Benefit Enrollment Form within 30 days of your employment.

As a current employee, you may elect to enroll in an FSA either at Open Enrollment or if you experience a Qualifying Life Event. Changes outside of these windows are not permitted for the Health Care FSA. If you need to make changes to your Dependent Care FSA, please contact ua-benefits@alaska.edu

During Open Enrollment, you must re-elect your plan if you wish to continue participation in one or both of the FSAs. If you do not choose to re-enroll, you will not have those funds available to you at the start of the new plan year.