Overview
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 2022 maximum annual contribution amount allowed by the IRS is $2,850.
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 Open Enrollment, three (3) week period usually in late September - early November, your FSA participation will end on December 31.
Resources
March 31, 2023 is the deadline to submit 2022 plan year claims.
PLEASE NOTE: You cannot be enrolled in a Health Care Spending Account (HCSA) and a Health Savings Account (HSA) at the same time.