A claims submission blackout will be in effect for the FSAFEDS program for the month of August. Federal employees who need financial assistance during this time will have the option of getting short term, interest free loans.
The Office of Personnel Management has announced that a new administrator will take over for FSAFEDS in September.
OPM has announced that the Federal Flexible Spending Account Program (FSAFEDS) is increasing the maximum contribution to $2,550 for 2015.
August 26, 2013, is an important day for federal employees and retirees who are in legally recognized same-sex marriages. The author explains the significance of this date for people in this situation.
OPM has begun issuing guidance for benefits that will be affected from the Supreme Court ruling the Defense of Marriage Act (DOMA) unconstitutional.
Flexible spending accounts are open to many federal employees but it is a benefit often overlooked or misunderstood. Here is a quick summary of the program.
OPM said it will give federal workers enrolled in the Federal Flexible Spending Account Program an additional two-and-a-half months to incur claims for the 2005 plan year and use their 2005 account balances – in effect extending the “use-it or lose it” rule by two-and-a-half months.