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The open enrollment period for 2020 Flex Spending Account opened today (Oct. 7) and run to Nov. 8. 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 $2,700 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 to a DCAAccount for elder care, disabled dependent care or child care expenses. Employees can also contribute up to $14,080 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 credit 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 www.flexspend.ny.gov 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 2019 and will receive re-enrollment instructions directly from Wage Works, the plan administrator for the Flex Spending Account.

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:

For 2019 figures, 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.