Effective Sept. 1, PayFlex Systems Inc., will be the new program administrator for TexFlex. WageWorks will continue to manage the program through Aug. 31. This change does not affect how much participants can contribute, eligible expenses or other program rules.
• Participants enrolled in PY22 health care and limited-purpose FSAs will get a new TexFlex debit card from PayFlex in August at no cost to them.
• Current participants with a PY21 health care or limited-purpose FSA should continue to use their TexFlex debit card from WageWorks for eligible expenses through Aug. 31.
• The unlimited carryover applies only to PY21 funds. At the end of PY22 (Aug. 31, 2022), health care and limited-purpose carryovers will be limited to $550, and the dependent care FSAs will go back to the 2 1/2-month grace period instead of a carryover.
For questions about Plan Year 2021 FSAs, contact WageWorks at (844) 884-2364. PayFlex is available to answer general questions now. Starting Aug. 2, they will be able to answer account-specific questions about PY 2022 FSAs. Contact PayFlex at (866) 353-9839.
A detailed explanation of this change may be found on the HR website. Contact benefits@sfasu.edu for additional questions or concerns.