What are Flex Periods?
A flex benefit period is a time during which a particular combination of an employee's flex benefits are in effect during a flex plan year.
Upon initial enrollment into the flex year, the application creates one flex benefit period for the entire flex plan year for an employee. Each time you add or stop benefits for an employee during the flex year, another flex benefit period is created.
Example
Employee Lynn Johnson is enrolled in the current flex plan with a flex benefit period of January 1, 2000 to December 31, 2000.
On April 1, 2000, her health coverage changes because of a family status change. Her flex benefit period dates after the change would now be as follows:
| Start Date | Stop Date |
|---|---|
| January 1, 2000 | March 31, 2000 |
| April 1, 2000 | December 31, 2000 |
Further into the flex year, Lynn Johnson's dental benefit has a change effective July 1, 2000. The dental benefit was not stopped and restarted when the health benefit was, so the application requires a change on the dental benefit to reflect the flex benefit period of 04/01/00 - 12/31/00. Then the new start date of 07/01/96 for the dental benefit can be entered creating another flex benefit period of 07/01/00 - 12/31/00.