Announcements
Posted: Thursday, September 17, 2009NYS Flex Spending Account 2010 Open Enrollment
From the Vice President for Finance and Management
Open enrollment for the 2010 NYS Flex Spending Account is Monday, September 21, through Monday, November 16, 2009. The account 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 $4,000 annually in pretax salary to pay for health-care expenses not reimbursed by insurance. Over-the-counter (OTC) drug expenses including allergy remedies, antacids, cold medicines, and pain relievers are also reimbursable.
The DCAAccount allows employees to set aside up to $5,000 annually for child care, elder care, or other dependent care expenses on a pre-tax basis. An employer contribution of up to $800 will be provided for employees in eligible negotiating units who enroll in the DCAAccount. The employer contribution is based on salary and is available to state employees who are M/C or represented by CSEA, PEF, UUP, or NYSCOPBA. Pending the conclusion of negotiations and ratified contracts, the employer contribution may also be available to state employees in other negotiating units.
Participants currently enrolled in the HCSAccount or DCAAccount must reenroll to continue benefits in 2010. Reenrollment instructions will be sent directly from the Fringe Benefits Management Company.
Paperless enrollment is quick, easy, and secure. Apply online or call the Flex Spending Account hotline at (800) 358-7202.
The November 16, 2009, deadline for 2010 enrollment will be strictly enforced. Please be sure to enroll by November 16.
Call the Human Resource Management Office at 878-4821 with questions.
