Through the GIC's Health Care Spending Account (HCSA), administered by Benefit Strategies, active employees can pay for out-of-pocket health care expenses on a pre-tax basis, on average, state employees save $250 in Federal and State taxes for every $1,000 contributed.
Examples can include:
- Physician office visit and prescription drug copayments
- Medical deductible and coinsurance
- Eyeglasses, prescription sunglasses, and contact lenses
- Orthodontia and dental care
- Hearing aids and durable medical equipment
- Smoking cessation and child birth classes
- Chiropractor and acupuncture visits
Download the 2014 Flexible Spending Account Brochure for an overview. For a comprehensive list of covered expenses, download the HCSA and DCAP list of eligible expenses Due to Federal Law, the maximum election amount for HSCA for calendar year 2014 is $2,500. The minimum election amount is $500.
All HCSA participants receive two free debit cards from Benefit Strategies to conveniently pay for health care expenses out of their HCSA account. Additional cards for other covered dependents may be ordered for $5.00 per set of two cards. Alternatively, as you incur health care expenses, submit a claim form and receipt to Benefit Strategies. They will deposit the reimbursement to your bank account or will mail you a check, depending on whether or not you enroll in direct deposit. As required by the IRS, keep copies of all HCSA receipts with your tax documents.
Eligibility and Monthly Fee
All active state employees who are eligible for health benefits with the GIC are eligible to enroll in the HCSA. Employees must work at least 18.75 hours in a 37.5-hour work week or 20 hours in a 40-hour work week. For the 2014 calendar year, the monthly administrative fee for HCSA alone, DCAP alone, or HCSA and DCAP combined is $3.60 on a pre-tax basis.
New state employees may enroll for partial-year benefits. For HCSA, new hire benefits begin at the same time as other GIC benefits.
Open Enrollment and Enrollment During The Year
The HCSA and DCAP plan year is January through December. Open enrollment for these programs will take place October 14 - December 5, 2014 for 2015 calendar year benefits. You must re-enroll each year. Employees that have a "qualified" family status change during the plan year, as outlined on the enrollment and change form, may enroll during the year.
2 1/2 Month's Grace Period
The Commission will continue to offer the 2 1/2 month grace period for 2013 participants.
You have until March 15, 2014 to incur claims for your 2013 remaining balance and to submit claims for the prior year until April 15, 2014.
Manage Your Account Online
Learn about and manage your HCSA account online:
- Account Balances
- Claims Received
- Claims Processed
- Dates when Checks were Paid
- Download Forms
Questions about managing your account online? Contact Benefit Strategies at 1-877-FLEXGIC (353-9442).
This information provided by the Group Insurance Commission.