MoneyPlus Medical Spending Accounts

MoneyPlus Medical Spending Accounts

Click here to read more about MoneyPlus

Are you leaving money on the table? MoneyPlus is a tax-favored accounts program that allows you to save money on eligible medical and dependent care costs. You fund the accounts with money deducted pretax from your paycheck. ASIFlex administers the MoneyPlus program. This benefit is only available to active employees.

Enrollment

You can enroll in MoneyPlus during:

  • Your initial enrollment;
  • Open enrollment in October; or
  • A special eligibility situation.

Contribution limits

 Limits for 2023
Medical Spending Account$3,050
Limited-use Medical Spending Account$3,050
Dependent Care Spending Account1$2,500 (married, filing separately)
$5,000 (single, head of household)
$5,000 (married, filing jointly)


Administration fees

 Monthly fee
Medical Spending Account$2.32
Limited-use Medical Spending Account$2.32
Dependent Care Spending Account$2.32


Reimbursement deadlines

 Grace period for 2023Deadline for 2023
Medical Spending AccountNoneMarch 31, 2024
Limited-use Medical Spending AccountNoneMarch 31, 2024
Dependent Care Spending AccountMarch 15, 2024March 31, 2024

1Contribution limit for highly compensated employees is $1,600.


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