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pdfHCSA and DCAP Brochure
HCSA Forms
DCAP Forms
On-Line Re-enrollment and Info for Current participants
Election Amount, Reimbursement and Fee
SHPS Spending Account Card

Annual Enrollment for other GIC Benefits

Benefit Decision Guides

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Open Enrollment for GIC’s Pre-Tax Flexible Spending Accounts (FSAs)
Will Take Place in Fall 2008 for 2009 Calendar Year Benefits

The GIC’s pre-tax Flexible Spending Account (FSA) programs offer state employees a convenient way to save money on state and federal taxes.  If you are anticipating spending money on out-of-pocket medical expenses or child care expenses in 2009, consider enrolling during the open enrollment period, which will take place in fall 2008 for 2009 benefits.

Health Care Spending Account (HCSA): 

Pay for your out-of-pocket medical expenses on a pre-tax basis.  Examples include:

  • Physician office and prescription drug co-pays
  • Orthodontia and dental expenses not covered by your dental plan
  • Eye wear and exams not covered by your vision plan
  • Over the counter drugs such as pain relievers and eye drops

Active state employees eligible for GIC health benefits are eligible for this program. 

Dependent Care Assistance Program (DCAP): Pay for child care, after school programs, or day camp for your dependent child under age 13 on a pre-tax basis.  Adult dependent day care expenses are also eligible.  If you are an active state employee and work at least half-time, you are eligible for this program.

ELECTION AMOUNT, REIMBURSEMENT AND FEE

HCSA:  Before you enroll, estimate your out-of-pocket medical costs to determine your annual election of $500 to $2,500.  All HCSA participants automatically receive a free SHPS Spending Account Card to conveniently pay for eligible expenses. Alternately, as you incur expenses, submit a claim form and receipt to SHPS, the program administrator; they will deposit the reimbursement to your bank.

DCAP:  Elect an annual election of up to $5,000.  As you incur expenses, submit a claim form and receipt to SHPS, the program administrator.  They will deposit the reimbursement to your bank.Estimate your election carefullyIt is important to estimate your expenses carefully, as the Internal Revenue Service requires that any unused funds in a participant's account at plan year-end be forfeited.  There’s a two and a half month grace period after year end to use up these funds.

Fee:
The monthly administrative fee for HCSA alone, DCAP alone, or HCSA and DCAP combined is $3.75 on a pre-tax basis.

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Enrollment and Additional Details For additional details and the enrollment form, see your Payroll Coordinator or the HCSA or DCAP sections of this site.  If you are a current participant, re-enroll online during the open enrollment period.

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