Flex Benefit Periods (BN46.1)

Processing Effect

A flex benefit period is a period of time for which a particular combination of an employee's flex benefits is in effect during a flex plan year. The Benefits application uses flex benefit periods to determine how many flex and pre-tax dollars an employee has available and has spent on any date within a flex year.

Initially, the Benefits application creates one flex benefit period for the entire flex plan year. The flex benefit period corresponds to the employee's flex dollar record in BN45.1 (Employee Flex Dollars). Each time you stop benefits in a flex plan year, the Benefits application creates another flex benefit period.

For example, an employee enrolls in flex benefits from January 1, 1996, to May 31, 1996. On June 1, the employee enrolls in other flex benefits until the end of the flex year. The employee's flex benefit period for the first group of benefits is 01/01/96 to 05/31/96, while the flex benefit period for the second group of benefits is 6/01/95 to 12/31/95.

More Information

The form displays the employee's use of flex dollars and pre-tax dollars for each flex benefit period. However, this form does not show the flex dollars an employee receives for electing a plan if those dollars cannot be used to purchase other benefits. To see those dollars, use BN46.2 (Flex Benefits Inquiry).