Flexible Spending Account – FSA through Employee Benefits Corporation (EBC).
We want to inform you of an upcoming change to the administrator for our Flexible Spending Accounts (FSA).
Effective April 1, 2026, our FSA and HSA programs will transition to Employee Benefits Corporation (EBC). EBC will manage your accounts. Moving forward, including issuing benefits debit cards, processing claims, maintaining account records, and providing participant support.
What to Expect Before April 1
- Current FSA and HSA participants will receive a welcome communication from EBC with instructions on how to access your account.
- A new Benefits Card will be mailed to you in mid-April.
- Your current FSA debit card will stop working as of March 31, 2026 and can be safely destroyed once your new card is received.
- Your current FSA administrator will no longer accept claims for 2026 expenses after March 31, 2026.
- Claims submitted prior to the transition date will continue to be processed by the current administrator.
- Claims will not transfer between administrators. Any remaining eligible claims will need to be submitted to EBC after the transition.
Beginning April 1
- EBC will officially begin administering your FSA and HSA accounts.
- Please begin using your new Benefits Card once it is received.
- A temporary “blackout period” for FSA accounts will occur from April 1 through April 15, 2026.
- If you incur eligible expenses during this blackout period or before receiving your new card, you may submit claims for reimbursement via the EBC mobile app, online portal, or by mail once your account is active.
- After the blackout period, submit any outstanding eligible claims for the current plan year directly to EBC.
- You will have the option to set up direct deposit for faster reimbursement to your bank account.
Additional details and instructions will be provided in your welcome communication from EBC. If you have any questions, please contact us at [email protected].
s allowing a maximum rollover of $ 640.00 on the FSA Healthcare benefit. This is subject to change for the 2025 plan year based on IRS regulations.
Plan Features
Everything You’ll Need to Know
Everglades College Inc. dba Keiser University & Everglades University implemented the IRS’ rollover option on the Healthcare FSA. By allowing the addition of this rollover option, if you have a balance in your 2025 Healthcare FSA, you will be able to roll that balance over (up to the IRS’s 2026 rollover maximum allowance) into the 2026 FSA plan year. The amount you are eligible to roll over will be added to your 2026 FSA plan year Healthcare FSA election, and those funds can be used for any expenses incurred during the entire 2026 plan year.
TIP: Keep your receipts, as you will need to provide them to verify your expenses throughout the year. When you receive funds from your FSA, the reimbursements are also tax-free.
For the plan year 2026, you have up until 3/31/2026 to file your eligible Healthcare and Dependent Care FSA expenses that were incurred during the 2025 plan year (01/01/2025 – 12/31/2025).
If you choose not to participate in an HSA or have chosen a plan that does not allow you to open an HSA, you may be eligible to open a Flexible Spending Account(s) (FSA) through a Section 125 plan. An FSA is a tax-free account in your name that pays or reimburses you for qualified health care or dependent care expenses, like medical and dental. You can make FSA contributions pretax through payroll, meaning that no employment or federal income taxes are deducted.
FSA NEW LIMITS:
- The 2026 pretax contribution limit for health care FSAs and limited purpose FSAs is $3,400. This is a $100 increase from the 2025 limit of $3,300.
- The 2026 maximum carryover amount is $680. This is a $20 increase from the 2025 limit of $660.
IMPORTANT!
• If eligible, you may elect to have multiple types of FSAs and contribute separate pretax dollar amounts to each.
• Your contributions are deducted from your paycheck in equal installments each pay period.
• “Use it or Lose It” – for Dependent Care FSA accounts, you own your account, but unlike HSAs, funds are not carried to the next plan year. You must use your contributions, or you will lose them at the end of the plan year.
• Under a Section 125 plan, participant elections generally must be irrevocable until the beginning of the next plan year. However, when a participant experiences one of several specific recognized events, he or she may be permitted to make an election change consistent with the event.
Plan Documents
Flexible Spending Account - (FSA)
Employee Benefits Corporation (EBC)
Websites
Contacts
through Employee Benefits Corporation (EBC) for your Flexible Spending Accounts (FSAs)
(800) 346-2126