Today's Message
Posted: Friday, November 16, 20122013 Flex Spending Account Open Enrollment Period Extended through November 30
As a result of Hurricane Sandy, the 2013 Flex Spending Account (FSA) open enrollment period has been extended. Eligible employees who wish to enroll for 2013 may still do so by enrolling online or by calling the FSA hotline from Friday, November 16, through Friday, November 30.
The program offers two benefits: the Health Care Spending Account (HCSAccount) and the Dependent Care Advantage Account (DCAAccount).
The HCSAccount allows employees to set aside from $100 to $2,500 annually in pretax salary to pay for health-care expenses not reimbursed by health insurance.
The DCAAccount allows employees to set aside up to $5,000 annually in pretax salary for eligible child care, elder care, or disabled dependent care expenses. The DCAAccount employer contribution will continue in 2013 for unions that participate in the program and have ratified contracts with the state. For employer contribution updates, please visit the FSA website.
Participants currently enrolled in the HCSAccount or DCAAccount must reenroll to continue benefits for 2013. For program details or to enroll in the Flex Spending Account, visit www.flexspend.ny.gov or call the FSA hotline at (800) 358-7202.
