Flex Spending Open Enrollment 2022

The open enrollment period for 2022 Flex Spending Account is November 2, 2021 to November 29, 2021. The Flex Spending Account (FSA) includes the Dependent Care Advantage Account (DCAAccount) and the HealthCare Spending Account (HCSAccount).

State employees may contribute anywhere from $100 to $2,750 per year on a pre-tax basis through payroll deduction to an HCSAccount for eligible health care expenses that are not reimbursed by insurance, and up to $5,000 per year per household to a DCAAccount for elder care, disabled dependent care, or child care expenses. Employees can also contribute up to $14,440 to the Adoption Advantage Account for expenses related to the adoption of a child.  The FSA contributions are deducted biweekly from the employee’s gross pay and deposited to the appropriate account. Any money directed to a FSA will reduce the employee’s reportable federal, state and social security taxes. HCSAccount now has a debit card, which can be used for any eligible health care expenses.  Eligible services can also be reimbursed by submitting a claim form which is needed for the DCAAcount.

If you wish to take advantage of this benefit, you must register online at the following link or by calling the FSA Hotline at 1-800-358-7202. Participants who are currently enrolled must re-enroll if they wish to continue their benefits in 2022 and will receive re-enrollment instructions directly from Health Equity (formerly Wage Works), the plan administrator for the Flex Spending Account.

For more information please visit the New York State Flex spending website or read the following informational flyer. 

The Employer Contribution rates for the DCAAccount are available to employees in the following bargaining units: CSEA, PEF, UUP, GSEU, NYSCOPBA, and Management Confidential. The employer contribution will provide up to $800 for employees who enroll in the DCAAccount.  The employer contribution is based on salary. The 2019 Employer Contribution rates are:
      

If the Employee 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      

If you have any questions, please feel free to contact the Office of Human Resources at 315-312-2230 or hr@oswego.edu.

Please visit the HR announcements page for the most up-to-date information from the college’s Human Resources and Payroll Offices.

Date Posted:  11/1/2021