The Daily Bulletin Archive

The IRS has increased the contribution limits for the Health Care Spending Account (HCSA) and the Adoption Advantage Account for 2024.

Enrollees may now contribute a maximum of $3,200 to the HCSA or $16,810 to the Adoption Advantage Account.

The Health Care Spending Account (HCSA) lets you set aside any amount from $100 up to $3,200 for the 2024 plan year to pay for health care expenses that are not reimbursed by your health insurance or other benefit plan; however, only medically necessary medical, hospital, dental, vision, hearing, and prescription drug expenses for you, your spouse, and your eligible dependents can be reimbursed by your HCSA.

The Adoption Advantage Account allows employees to set aside up to $16,810 in pre-tax dollars to pay for expenses related to the adoption of an eligible child. This benefit is available to M/C employees and those represented by CSEA, PEF, UUP, NYSCOPBA, and PBA.

Complete information on the Flex Spending Account can be found on the Governor's Office of Employee Relations website. If you wish to take advantage of this benefit, please submit your application for enrollment online or by phone at (800) 358-7202. You will need your NYS Employee ID number, which is located on your pay stub, to complete your application. The deadline for 2024 enrollment is Monday, December 11, at 11:59 p.m. and will be strictly enforced.

If you are enrolled for the 2023 plan year, you must re-enroll to continue your benefits in 2024. 

If you have already made your election and wish to make a change, you may do so through the website or by  phone by December 11, when the open enrollment period ends. Please be sure to enroll or modify your election by December 11.