Change in Plan Years for HRA and Medical Flex Spending

We will be setting a plan in place this year that we hope will make it easier to understand when your benefit plan years start and stop. 

Current Plan Years 
Medical Flex Spending – June 1 to May 31 
HRA – June 1 to May 31 
Health and Dental – July 1 to June 30 
Dependent Care – January 1 to December 31 

New Plan Years to be Implemented Beginning July 2014 
Medical Flex Spending – July 1 to June 30 
HRA – July 1 to June 30 
Health and Dental – July 1 to June 30 (unchanged) 
Dependent Care – January 1 to December 31 (unchanged) 

Transition Plan for 2013-2014 
Medical Flex Spending – This year our plan will run from June 1, 2013 to June 30, 2014. You will have 13 months to accrue expenses (so plan accordingly), but we will only take 24 payroll deductions (no payroll deductions in June of 2014). 

HRA – This year our plan will run from June 1, 2013 to June 30, 2014. Contributions during this transition year, and in the following year, will be made as follows: 

2013-2014                2014-2015
June 1                      July 1 
October 1                 October 1 
January 1                 January 1 
April 1                      April 1 

These changes may seem confusing, but bear with us; we think you’ll like the new simpler alignment of the plans by July 2014. If you’re already confused, feel free to contact Kathy Martin, Benefits Specialist, at kmartin@aea11.k12.ia.us or ext. 14385.