What are the timelines for individual LPFSA enrollment?
Your deadline to enroll in a LPFSA is dependent on what type of enrollment is occurring.
New Company LPFSA Plan or LPFSA Open Enrollment
When your company sets up a new company LPFSA plan (initial LPFSA enrollment) or renews an existing plan (open FSA enrollment), you have until the 25th of the same month to set up your individual LPFSA to start on the 1st of the following month. If you enroll after the 25th, your LPFSA will start on the 1st of the month after next.
New Hire LPFSA Enrollment
When you get hired at a company with an existing LPFSA plan, you'll need to complete enrollment for your LPFSA within 30 days from your hire date. Your LPFSA start date will depend on your hire date. If you do not meet this deadline, you will need to wait until your company's next LPFSA renewal period or enroll if you experience a Qualifying Life Event.
Qualifying Life Event Enrollments
Employees have 30 days from their Qualifying Life Event to enroll in an LPFSA. This enrollment will be effective the first of the month following the QLE. Employees must reach out to Customer Care in order to complete this request.