Through the GIC's Health Care Spending Account (HCSA), administered by ASIFlex, active employees can pay for out-of-pocket health care expenses on a pre-tax basis. On average, state employees save $300 in federal and state taxes for every $1,000 contributed.
Eligible Expenses include:
- Physician office visit and prescription drug copayments
- Medical deductibles 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 Flexible Spending Account Brochure for an overview. For a comprehensive list of covered expenses, download the list of eligible expenses . Use the HCSA worksheet to estimate your HCSA expenditures.
Eligibility and Monthly Fee
All active state employees who are eligible for GIC health benefits 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 2015 calendar year, the monthly administrative fee for HCSA alone, DCAP alone, or HCSA and DCAP combined $2.50 on a pre-tax basis.
HCSA & DCAP Open Enrollment
April 6 - May 4, 2016 for coverage effective July 1, 2016
Open enrollment for Flexible Spending Account benefits will take place April 6 - May 4, 2016 for fiscal year benefits effective July 1, 2016. For the fiscal year, the maximum election amount for HCSA is 2,550 and the maximum DCAP election is $5,000. Participants must re-enroll each open enrollment period using the online enrollment form.
New state employees may enroll for partial-year benefits. For HCSA, new hire benefits begin at the same time as other GIC benefits.
All HCSA participants receive two free debit cards 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 ASIFlex. 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. IRS substantiation requirements apply.
Download the wallet card that gives you handy access to the information you’ll need from the provider for substantiation purposes.
2 1/2 Month's Grace Period
It’s important to consider your election carefully. Because of the tax benefits of FSAs, the IRS imposes a strict “use-it-or-lose-it” rule, which means money left in a pre-tax account at plan year end is forfeited. However, you’re given additional time with the 2 ½ month grace period to use your benefits. For the 2017 fiscal year, you have until September 15, 2017 to incur claims and until October 15, 2017 to submit claims for reimbursement to submit claims for reimbursement.
Contact ASIFlex; 1-800-659-3035
Manage Your Account Online
- Account Balances
- Claims Received
- Claims Processed
- Dates when Checks were Paid
- Download Forms
This information provided by the Group Insurance Commission .