Definitions for "Plan Year"
For Educated Choice flexible benefits plan (medical, dental, life and AD&D, long-term-disability, long-term care and flexible spending accounts) this runs from January 1 through December 31. This is the period of time your elections remain in effect unless you experience a Qualified Family Status Change. In the medical and dental plan, this is the period in which deductibles; out-of-pocket maximums and other limits apply.
The 12-month period from January 1 to December 31.
The calendar, policy, or fiscal year by which the plan records are kept.