Purpose

To provide agency information regarding the increase in the maximum annual amount for Health Care Flex Spending Account.

Affected Employees

CUNY employees who participate in the HCFSA

Background

The IRS announced the maximum annual deduction amount for Health Care Flex Spending (deduction code 445) has been increased from $2550.00 to $2600.00 for the 2017 plan year.

The maximum goal amount for Dependent Care CUNY (deduction code 443) remains at $5,000.00.

Effective Date(s)

Paychecks dated January 5, 2017

Agency Actions

Notify affected employees.

Questions

Questions regarding these deductions may be directed to the Payroll Deduction mailbox.