FSA / HSA / DCAP
Flexible Spending Account (FSA) and Dependent Care Assistance Program (DCAP)
Enrollment in a previous year is not rolled forward into a new plan year. Therefore re-enrollment is required during the annual open enrollment period.
Reminder: You may only enroll in a Flexible Spending Account if your medical coverage is with a Classic, Value, or Accountable Care Plan, or you waived your WSU coverage. The Consumer-Directed Health Plans will automatically enroll employees in a Health Savings Account, which make those employees ineligible for a Flexible Spending Account. If your family may also be enrolled in an HSA, at WSU or elsewhere, you may need to adjust your selections. View the Health Savings Account webpage for more information.
Additional Information
FSA/DCAP Changes for 2016
The FSA and the DCAP benefits are offered by Navia Benefit Solutions. Visit their webpage at http://pebb.naviabenefits.com/.
WSU offers the option to enroll in these benefits via paper form (coming soon) or online enrollment (available November 1, 2015).
The annual contribution limits for 2016:
- FSA: Minimum of $240, maximum of $2,500
- DCAP: Cannot exceed $5000, or $2,500 if married and filing separately
Health Savings Account
WSU offers pre-taxed contributions to your HSA through payroll deduction. Any 2016 payroll deduction forms submitted during open enrollment will be effective January 1, 2016.
Additional Information
The employee contribution limits for this benefit are staying at $3,350 per individual, and from $6,650 to $6,750 per family. Individuals age 55 and older can contribute an additional $1,000 per year. Employer annual contributions of $700.08 for an individual and $1,400.04 for a family, will remain the same.
Please note: If you are eligible for the SmartHealth Wellness Incentive you will need to include the $125 one time deposit in the annual contribution maximum.
