The 2023 open enrollment period for Dependent Care Advantage Account (DCAA), Health Care Spending Account (HCSA) and the Adoption Advantage Account runs from Nov. 1 to Dec. 12.
These Flexible Spending Accounts save employees money by allowing payment for certain expenses with pre-tax dollars. PEF successfully negotiated for the state to increase its employer contribution level by $200 per participating employee for plan year 2023. See the memo here for the new rates and information.
The HCSA allows you to set aside any amount from $100 up to the maximum of $3,050 for the 2023 plan year (up from $2,850) to pay for health care expenses that are not reimbursed by your health insurance or other benefit plan. Only medically necessary medical, hospital, dental, vision, hearing, and prescription drug expenses for you, your spouse, and your eligible dependents can be reimbursed or paid by your HCSA.
Adoption Advantage Accounts allow you to pay for expenses related to the adoption of an eligible child with pre-tax dollars. The 2023 limit is $15,950, up from $14,980.
DCAAs allow you to set aside up to $5,000 for family and $2,500 for married people filing separately in pre-tax dollars for eligible custodial childcare, elder care, or disabled dependent care expenses necessary for you and your spouse to work.
For eligibility or to submit your enrollment, visit the Office of Employee Relations page here.