Flex Spending Account 2023 – Open Enrollment Campaign
The 2023 open enrollment campaign for the New York State Flex Spending Account (FSA) will run from November 1, 2022 to December 12, 2022 at 11:59 pm.
The Flex Spending Account (FSA) is a state employee benefit that saves you money by allowing you to pay for certain expenses with pre-tax dollars. Under this program, you can choose from three different benefits:
The Health Care Spending Account (HCSA) lets you set aside any amount from $100 up to $3,050 for the 2023 plan year to pay for health care expenses that are not reimbursed by your health insurance or other benefit plan.
The Dependent Care Advantage Account (DCAA) allows your family to set aside up to $5,000 in pre-tax dollars for eligible custodial childcare, elder care, or disabled dependent care expenses.
The Adoption Advantage Account lets you pay for expenses related to the adoption of an eligible child with pre-tax dollars, up to $15,950.
Who’s Eligible to Enroll in the FSA?
The HCSA, DCAA and The Adoption Advantage Account are open to all SUNY employees, those that wish to enroll in HCSA must also meet the following criteria:
- Be either permanently employed or expect to be employed for the entire calendar year in which they plan to enroll in the HCSA (employees who work on a semester or school year basis are also eligible)
- Meet the eligibility criteria for enrollment in the New York State Health Insurance Program (NYSHIP)
Casual, seasonal, hourly, per diem, fee-basis, and session employees, as well as retirees, are not eligible to enroll in the HCSA.
Tina Bieber (email@example.com)
Posted: October 24, 2022