CLICK HERE for a printable 2019 Flex Spending Account flyer
The deadline to enroll in the 2019 Flex Spending Account is Friday, Nov. 9.
The Flex Spending Account (FSA) is a negotiated program that helps state employees save money on their taxes. The program offers two benefits—the Health Care Spending Account (HCSAccount) and the Dependent Care Advantage Account (DCAAccount)—to help you cover health care or dependent care expenses with pre-tax dollars.
The HCSAccount lets you set aside any amount from $100 up to $2,650 for the 2019 tax 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 HCSAccount.
The DCAAccount allows your family to set aside up to $5,000 in pre-tax salary 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.
To be eligible for HCSAccount enrollment, you must:
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- Be permanently employed or expected to be on the payroll for the entire calendar year in which they plan to enroll. However, employees who work on a semester or school year basis are also eligible;
- Receive regular bi-weekly paychecks;
- Meet the eligibility criteria for enrollment in the New York State Health Insurance Program (NYSHIP); and
- Be represented by UUP.
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DCAAccount benefits are available to UUP-represented employees. The 2019 employer contribution rates are:
| If your salary is | The employer contribution is |
|---|---|
| Under $30,000 | $800 |
| $30,001-$40,000 | $700 |
| $40,001-$50,000 | $600 |
| $50,001-$60,000 | $500 |
| $60,001-$70,000 | $400 |
| Over $70,000 | $300 |
For more information or to obtain an enrollment form, go to www.flexspend.ny.gov. You can also call toll-free, at 1-800-358-7202.