Today's Message
Posted: Monday, December 12, 2022Today: Final Day of Open Enrollment for 2023 Flex-Spending Account
Open enrollment for the 2023 NYS Flex Spending Account (FSA) ends today, December 12, at 11:59 p.m. The program helps eligible state employees save money on necessary health- or dependent-care expenses because the money set aside in these accounts is not subject to federal, state, or Social Security taxes.
The Flex Spending Account offers three benefits:
The Health Care Spending Account (HCSA) lets you set aside any amount from $100 to $2,850 for the 2023 plan year to pay for health-care expenses that are not reimbursed by your health insurance or other benefit plan. Note: 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 Dependent Care Advantage Account (DCAA) allows your family to set aside up to $5,000 in pre-tax dollars for eligible custodial child care, elder care, or disabled dependent care expenses that are necessary for you and your spouse, if you are married, to work.
The Adoption Advantage Account allows employees to set aside up to $15,590 to pay for expenses related to the adoption of an eligible child with pre-tax dollars. 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 Department Number is 28160. This is a new vendor, so you will need to set up a new account. If you are enrolled for the 2022 plan year, you must re-enroll to continue your benefits in 2023.
Important note: Employees who do not work for 26 consecutive pay periods should consider electing a shorter time frame for their deductions so that they do not lose coverage while off the payroll. For example, faculty members who are not paid through the summer should elect to have all deductions taken in the spring semester to have coverage for all of 2023. You must call the vendor after setting up your account to make this election.
Today’s deadline of 11:59 p.m. for 2023 enrollment will be strictly enforced.
