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Open enrollment for the 2012 NYS Flex Spending Account (FSA) is Friday,
October 14, through Monday, November 14, 2011. 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 health
insurance.
The DCAAccount allows employees to set aside up to $5,000 annually for child
care, elder care, or disabled dependent care expenses on a pretax basis. The
employer contribution is available for the 2012 plan year to M/C employees
and employees represented by CSEA, PEF, and GSEU. The availability of the
employer contribution depends on the outcome of negotiations between the
state and the unions that participate in the program. For employer
contribution updates, please
visit the FSA website.
Participants currently enrolled in the HCSAccount or DCAAccount must
re-enroll to continue benefits in 2012.
Paperless enrollment is quick, easy, and secure. For program details or to
enroll in the Flex Spending Account visit
www.flexspend.ny.gov or call the
FSA Hotline at 1-800-358-7202.
The deadline for 2012 enrollment is November 14, 2011 and is strictly
enforced.
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