Welcome to BASIC - CA and Akron, OH Locations

Verantis Corporation

Welcome! Open enrollment for the Verantis Corporation 2016 Flexible Spending Account plan is now through June 28, 2016.  Note that we will have a short 6-month plan year from 7/1/16-12/31/16.  Please take this into account when making your new plan year elections.  If you want to participate in the new plan year starting July 1st, you must enroll before the deadline above.

If you are not already familiar with the FSA plan and how it works, use the links to the right  to learn about the plan. The FSA brochure contains important information about when you can (and can’t) change your election, qualified expenses and how using the plan saves you money. The Savings Calculator page will show you approximately how much you will save in taxes based on your personal income and tax situation.

Use-it or Roll-Over $500. Participants in the Health FSA may roll over up to $500 of unused FSA funds to the next plan year.  This means that the risk of forfeiting your FSA healthcare contributions is reduced! Plus, the FSA rollover provision eliminates the mad scramble at the end of the plan year to spend remaining Health FSA funds.   Now is the perfect time to take a closer look at a Healthcare Flexible Spending Account (FSA) and take advantage of increased tax savings!

You may make changes to your election any time up to the deadline date noted above. Make the changes you want and resubmit your election. Your prior election will be overwritten.

Please contact NEO directly if you have any questions about the plan or have problems with your election process, 1-800-775-3539 or admin@FlexNEO.com.

[message_box title="Enrollment is Closed" color="yellow"]The FSA Open Enrollment period for your company has expired. If you are entering the plan mid-year as a newly eligible employee or because of a change in status, contact your benefits manager to make your election.[/message_box]

Helpful Information and Resources
Save big by paying for health or child care expenses with pretax dollars!
Carryover provision for Medical FSA plans

For all plan years beginning in 2020, the amount that employers may allow employees to carryover from one plan year to the next will be indexed in step with the maximum salary reduction amount permitted each year. This means that $550 may be carried over from a plan year starting in 2020 to the following plan year beginning in 2021.

What’s covered under my FSA?

Eligible/Ineligible Expenses List
Special Rules for Orthodontia and OTC Drugs and Medications

Frequently asked questions about using the FSA plan.

FSA FAQs

Use this cool tool to estimate how much you can save using the FSA plan.

Savings Calculator

How do I submit a claim?

BASIC will accept your claim submission by mail, fax, email or online!

What is the deadline to submit a claim?

Active employees have 90 days after the last day of the Plan Year to submit claims for expenses incurred in the prior year. For example, if your Plan Year ends 06/30/18, you will have until 09/30/18 to mail, fax or email your claim(s) to our office. Any claims after that date will not be accepted. Claim submission periods for terminated participants may vary.

Payroll Frequency

This describes how often you get paid and the number of times that your FSA deduction will be taken from your check throughout the plan year.

Per Pay Deduction

This is the amount you choose to have withheld from each paycheck.

Looking for ways to use your FSA dollars?

FSAStore.com offers the largest online selection of FSA-eligible products, accepts all major credit cards, and offers free shipping on all orders of $50 or more. Click here to get $10 off your next purchase!