What is the status of my Health FSA Account?

Please note that Texas Capital Bank (the “Bank”) asserts a lien on all the assets of the Assignors. Accordingly, the Assignee has no access to funds, except for some funding provided by the Bank for the wind-down of the estates.

We understand that some of the employees contributed to their FSA accounts. The Assignee has not been able to identify any funds related to your FSA account that were segregated by Laser Spine Institute. As is common for FSA plans, it is my understanding that all of the funds were held in LSI’s general operating accounts. Unfortunately, given LSI’s insolvency, those funds are all subject to the Bank’s lien and are not available to pay FSA benefits. The filing of a proof of claim is the exclusive method for you to share in any distribution from the assignment estates. A link to the proof of claim form can be found on this website in the Creditors and Claims section

The deadline to file a proof of claim is July 12, 2019.