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Archive: Flexible Spending Accounts 2024
NBS Information
- Employees should select their benefit amount to reflect 24 pay periods.
- The medical flexible spending limit is $3,200.
- The dependent care flexible spending limit depends on your federal tax filing status: $5,000 if you are married and filing a joint return or if you are a single parent, or $2,500 if you are married but filing separately.
- The commuter benefit arrangement limit for transportation is $315/month.
- The commuter benefit arrangement limit for parking is $315/month.
- Employees are able to roll over $640 from 2024 to 2025, which will likely increase for the 2025 to 2026 plan years.
Documents
- Summary Plan Description
- Flexible Spending Account Information
- Flexible Spending Account FAQs
- Dependent Care Flexible Spending Account Information
- Healthcare Expense Account Sample Expenses
- Limited Flexible Spending
- Commuter Benefits
- NBS Web Portal First Time Login
- NBS Mobile App Information
NBS Mobile App
Important Information
Employer ID – NBS468933
Employee ID – Social Security Number (without slashes or hyphens)
Be a Good Consumer
- Submit all documentation by the end of March for the previous year.
- Using flexible spending will save you $20–25 dollars for each $100 dollar benefit.
