Flex Plan

You can consider a flex plan as a spending account only, or a full flex plan. The major characteristic of a flex plan is the 12-month enrollment period. You define the plan's start date, month and day, which determines the flex plan year. At the end of each plan year, all enrollments automatically stops in the flex plan. You must re-elect your coverage or contribution level for the new plan year, even if the same coverage or contribution level is required.