State Agencies Bulletin No. 228

Subject
New Deduction Code 410 Health Care Spending Account
Date Issued
January 9, 2001

Purpose

To explain the establishment of a new pre tax deduction Health Care Spending. The minimum annual amount is $150 and the maximum annual limit is $3,000. This program allows for employees to set aside pre tax dollars to pay for health care related expenses not reimbursed by health insurance.

Affected Employees

Employees in Bargaining Units other than NU 07, 17 and 28.

Effective Dates

Administration checks dated January 17, 2001 and Institution checks dated January 25, 2001.

OSC Automatic Processing

OSC will process a file from Fringe Benefits Management Company to start the deductions.

Agency Action

Notify eligible employees

Questions

Questions may be directed to the Flex Spending Account Hotline at 1-800-358-7202.