HR, Payroll and Benefits News

Important Changes to Employee Reimbursement Account (ERA) Program Effective July 1, 2012
June 15, 2012

Effective July 1, 2012, ERA services will move from the Fringe Benefits Management Company (FBMC) system to a new system supported by WageWorks. Please see the open letter to ERA participants for details about changes to the program effective July 1, 2012. A summary of the changes is below:

• The ERA program will be transitioning to WageWorks from July 1 - 15, 2012
• Do not submit any claims from July 1 - 15, 2012
• Claims will not be processed from July 1 - 15, 2012
• Your current myFBMC Visa Card will be deactivated on June 30, 2012 and you will receive a new WageWorks Health Care Card in early July that can be used as of July 16, 2012.
• You will need to register for an online account on the new WageWorks website starting on July 1, 2012. Click the "Register with WageWorks now!" link after July 1st to begin the process.
• Direct deposit information will transfer to the WageWorks system

Medical Expense and Dependent Care elections for 2012 are not impacted by this change.

Commuter/transit benefits: Parking and/or transit elections will not carry over into the new system. Orders and changes for the month of August must be made from June 11 - 30 using the current system. No action is required for participants who do not need to make changes for August. To participate in the program for September, employees must place a new order through the WageWorks system between July 16 and August 10. After that, the election cycle will return to normal. Elections made on or before the 10th of the month will be effective the first of the following month. Please see the open letter to commuter benefit participants for additional information.

See the Department of Employee Trust Funds website for additional details.

Source: UW System Administration
Categories: Payroll