3.28.24 – 2023 Flexible Spending Accounts Transitioning to Fidelity
2023 Flexible Spending Accounts
Transitioning to Fidelity
Thursday, March 28, 2024
Effective January 1, 2024, American Airlines transitioned the administrative services for its spending accounts from Alight Smart-Choice Accounts to Fidelity Investments.
For those with a Health Care Flexible Spending Account (HCFSA) or Limited Purpose Flexible Spending Account (LPFSA), please note the remaining transition dates:
- March 31, 2024: This is the deadline to submit any reimbursements to Alight Smart-Choice Accounts through the Benefits Service Center for expenses incurred in 2023. Up to $570 of any remaining funds will roll over to 2024. You will forfeit the remaining funds over $570.
- April 1, 2024: A blackout period will run through May 2, 2024. You will no longer be able to reimburse your 2023 funds or access any carryover funds from your 2023 HCFSA or LPFSA. During this period, you will continue to have access to your 2024 contributions.
- May 3, 2024: The blackout period will end, and 2023 carryover balances from Alight Smart-Choice will be available on your new Fidelity debit cards.
For questions regarding submitting reimbursement claims to Smart-Choice, visit the Benefits Service Center or call 888-860-6178.
In Solidarity,
Cathy Sharp
APFAÂ National Health Chair
[email protected]