To assist employees meet their health care needs in a cost-effective manner, permanent employees may enroll in the Health Care Spending Account (HCSA) program. This option currently allows employees to set aside from their annual salary, before taxes, to pay for eligible out-of-pocket medical, dental, or vision expenses which are not reimbursed through other insurance, such as plan deductibles, office visit co-payments, or prescription eye glasses, etc.
Monthly deductions are not subject to State, Federal, Social Security, or Medicare (FICA) taxes. Eligible employees may enroll in the HCSA during an open enrollment, a qualifying life event, or a new hire event. Please note, coverage will begin the first of the month following completion of six months of permanent employment. The 2024 maximum annual contribution amount allowed by the IRS is $3,200.
IMPORTANT: You must re-enroll in your Flexible Spending Accounts (HCSA and DCAP) every year. If you do not re-enroll during the annual benefits OpenEnrollment, three (3) week period usually in late September - early November, your FSA participation will end on December 31.