A few reminders about your SEHP accounts to wrap up 2024. You may have funds expiring at the end of this year.
SEHP HRA/FSA 2024 deadlines:
- HRA funds must be used on eligible expenses incurred on or before Dec. 31.
- For FSA funds, there is a maximum rollover amount of $640, so if you have funds in excess of that amount, those funds must also be used on eligible expenses incurred on or before Dec. 31 or they will be forfeited.
- Dependent Care FSA expenses have a 75-day grace period where you can incur expenses up until March 16, 2025, and must file claims against your 2024 balance by April 30, 2025. Any funds remaining after this date are forfeited.
HealthQuest 2024 deadlines:
- You have until Dec. 31 to earn credits towards the premium discount.
Also, your medical plan deductible and out-of-pocket maximums reset on Jan. 1, 2025 and you will also start fresh earning HealthQuest credits for reward dollars in 2025 and to earn your premium discount for 2026.
If you have questions about any of these deadlines, contact TotalRewards@wichita.edu.