Flexible Spending and Health Savings Account Enrollment Deadline Extended to November 7
October 31, 2014
The deadline to enroll in the Flexible Spending Account (FSA) Program, the Health Savings Account (HSA) and Transportation/Parking for 2015 has been extended through November 7. In addition, we just received notification that the annual contribution limit for the Healthcare Flexible Spending Account and Limited Purpose Flexible Spending Account has increased from $2,500 to $2,550.
The deadline to enroll in or make changes to all other benefit plans remains October 31, 2014 at 4:30pm. See the Annual Benefit Enrollment website for details.
Do you want to participate in the Flexible Spending Account (FSA) for Healthcare or Dependent Day Care or the Parking and Transit program in 2015?
You must re-enroll in the program every year! Make your Healthcare FSA, Dependent Day Care FSA and/or Parking and Transit election on the TASC website. You must enter the UW’s Employer ID number when you enroll: 4607-6190-4348.
Did you enroll in a High Deductible Health Plan (HDHP) for 2015? If so, you are required to enroll in the Health Savings Account (HSA).
If enrolled in a High Deductible Health Plan (HDHP) for 2015, you must also enroll in a Health Savings Account (HSA). You are only eligible to enroll in the HSA if enrolling in the HDHP. You will enroll in the HSA at the TASC website. You must enter the UW’s Employer ID number when you enroll: TAS-WI1368.
You are not eligible to enroll in an HDHP/HSA if you are eligible for the Graduate Assistant/Short-Term Academic Staff benefits program.
Did you already enroll in one or more of the Flexible Spending Account programs or the Health Savings Account but want to change your election?
You may log in to your account to change your election amount but you must re-enter all 2015 elections (Healthcare, Dependent Care, Parking/Transit). If you do not want to change your election online, you may contact your benefits office with your new election amount no later than November 7 at 4:30pm.
Are you currently participating in the Flexible Spending Account program or use the Parking/Transit program?
WageWorks is the current administrator of the plan and TASC will be the administrator of the plan effective January 1, 2015. To ensure a smooth transition of your current account, please see the educational material on the Department of Employee Trust Funds website.
Source: UW System Administration
Categories: Employee Reimbursement Account