Getting married? Divorced? Having a child? Lose your other health insurance?
Please read this memo regarding Changes in Insurance Status
Mandatory Health Care Contribution
Governor Christie signed Chapter 78, P.L. 2011 into law, effective June 28, 2011. This law requires that all public employees contribute on a pre-tax basis toward health care premiums based upon cost of coverage percentages. The mandatory health care contribution is required for the health, dental, and vision plan premiums. Public employees are required to contribute either a percentage of the plan premium or 1.5% of annual salary, whichever is greater. Use the Contribution Rates link to assist you in determining your contribution through June 30th
A Flexible Spending Account (also known as a flexible spending arrangement) is a special account you put money into that you use to pay for certain out-of-pocket health care costs. You don’t pay taxes on this money. This means you’ll save an amount equal to the taxes you would have paid on the money you set aside.