Available to full-time permanent employees, including temporary faculty employed for a one-academic year contract, and permanent part-time employees, including temporary faculty employed for a one-academic year contract, who work 50% time. A flexible spending account or dependent care assistance program governed by the IRS Code, allow employees to have income withheld from their paychecks before taxes for eventual reimbursement of certain health care and child care expenses.

2024 FSA Handbook  FSA FAQs

 

Important Plan Notes

  • FSA is an annual election (January 1 - December 31) and must be elected each year. If you are a new employee electing the plan mid-year, the amount elected will be spread out over the remaining pays of the calendar year.

  • Your entire election for Health Care FSA is available to you at the beginning of the year to pay for qualifying expenses. The Day Care FSA funds are available to you as you contribute to the plan.

  • While both plans are considered an FSA, the main difference between the Health Care FSA and the Day Care FSA is how the plan is used.
    • The Health Care FSA is for all of your eligible dependents (you, your spouse, and your federal tax dependents) medical, dental, vision, or prescription expenses.
    • The Day Care FSA is for eligible dependents (age 12 and under) day care, summer camp, or elder care expenses. 

  • The State System offers a carryover for the Health Care FSA, which permits participants to rollover a limited amount of unused Health Care FSA funds into the following calendar year. (see Maximum Carryover amount listed below). Any remaining balances exceeding the carryover limit will be forfeited. There is no carryover for the Day Care FSA.

    Carryover and Run-Out Information

 

FSA Options

 

car swipe daycare picture

Health Care FSA 
Provide tax savings for you, your spouse, and your federal tax dependents on your out-of-pocket medical, dental, vision, or prescription expenses not paid by insurance.
Maximum Election for 2024 - $3,050
Maximum Carryover:
2023 into 2024 - $570
2024 into 2025 - $610

      • Copays for Prescriptions or Doctor Office Visits
      • Dental Care or Braces
      • Eyeglasses, Contact Lenses, or Laser Vision Correction
      • Eligible Over-the-Counter Items

Day Care FSA 
A welcome money saver for today’s working parents. It allows you to set aside pre-tax money for eligible dependents (age 12 and under) day care expenses so you can work.
Maximum Election for 2024 - $5,000
No Carryover to the next plan year.

      • Day Care
      • Summer Camp
      • Before/After School Programs
      • Elder Care

 

Administered by Optum Financial

https://www.myoptumfinancial.com/passhe 
Customer Service available 24 hours a day, 7 days a week
 1-833-325-9998

 

Open Enrollment - Now Closed

Open enrollment is closed for 2024.  You can elect the plan if you are a new employee or have a qualifying life event.

2024 Handbook 

How to Enroll

The FSA plan must be elected annually each year. FSA elections should be made through the Self-Service Portal during Fall Open Enrollment. Employees should elect coverage in annual (calendar year) amounts which is divided by your pay frequency. 

 

Changing FSA/DC FSA Elections

Within 60 days of a qualifying event, you must submit a Change in Status/Election Form and supporting documentation to your employer. Upon the approval of your election change request, your existing elections will be stopped or modified (as appropriate). Other events, such as change in child care expenses, may qualify to change your election amount.

 

HSA Reminder

A health savings account (HSA) is available to an eligible individual who has high deductible health coverage as long as the individual has no other impermissible health coverage. A general purpose FSA is impermissible and renders an individual ineligible to make contributions to an HSA even when it’s their spouse enrolled in a general purpose FSA. The State System does not offer an HSA plan but if your spouse is enrolled in an HSA plan offered by their employer, this may impact your FSA enrollment.

 

FSA Plan Documentation

Flexible Benefits Plan Document
FSA Summary Plan Description - Dependent Care
FSA Summary Plan Description - Health Care