Side Accounts Annual Enrollment: Upcoming Dates – NRECA Employee Benefits Weekly

Annual enrollment for tax-advantaged side accounts will be held November 1-30, 2014. This is the only period during which you will be able to enroll employees in:

125 Plans (health flexible spending accounts (health FSAs), limited-use health FSAs and the dependent care assistance program, or DCAP)
Health reimbursement arrangements (HRAs) and the new retiree HRA

Please note the following important dates:

Register now for the webinar, Tax-Advantaged Side Accounts: A New Administrative Portal for Annual Enrollment on October 2 from 2-3 pm ET. This webinar will walk you through new administrative screens you’ll see this fall when enrolling employees.
To prepare for the transition to the new claims processing platform and portal, you will be unable to access your FSA and/or HRA reports and invoices from October 8-12. No claims will be processed during this time. You and your employees will still have access to FSA and/or HRA account balances on Cooperative.com.

In the coming days, if your co-op currently offers a 125 Plan or HRA, you will be receiving an email with detailed information about annual enrollment for 2015.

If you have questions in the meantime, please contact CBA at 866.673.2299 (option 1, then 4) or fsagroup@nreca.coop.