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Date: December 12, 2016

Bulletin Number: CU-564

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Subject 2017 Increase in Maximum Annual Amount for CUNY Health Care Flex Spending Account (HCFSA)

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.