To take advantage of the Employer Contribution, for the 2017 plan year, employees must enroll in the DCAAccount by the close of open enrollment, midnight Monday November 7, 2016.
Because the announcement regarding the Employer Contribution occurred during open enrollment the enrollment application cannot be updated to display the Employer Contribution. Employees enrolling in the DCAAccount will not see their Employer Contribution displayed when enrolling.
If an employee wishes to be enrolled for just the amount of their Employer Contribution, they should enter the amount of their Employer Contribution in the field that asks them how much they want for their total annual contribution.
The Employer Contribution will be applied to employees’ elections and will be reported on their confirmation letter following open enrollment.
Visit www.flexspend.ny.gov for complete details and Employer Contribution Rates.