December 31, Last Chance to Enroll in Flexible Spending Accounts for 2008
Employees who want to participate in a Flexible Spending Account (FSA) for 2008 need to enroll by accessing the Employee Self-Service website at http://www.yale.edu/openenrollment no later than December 31, 2007.
Automatic transfer of claims continues to be available which should make reimbursements for most 2008 eligible medical and dental claims easier with less paperwork on the employee’s part.
Upon selecting “Yes” to the automatic transfer feature, the Yale participant who is enrolled in a Yale health insurance plan (Yale Health Plan, Aetna or Delta Dental) is authorizing those insurance carriers to submit automatically to ADP co-pay, deductible and co-insurance claims on behalf of the employee and other eligible, covered family members. The participant will not need to submit claim forms for these types of expenses, and reimbursements can be direct deposited to the same bank account to which the employee’s Yale paycheck is deposited.
Additional information concerning this option may be found at http://www.yale.edu/hronline/benefits/open_enrollment/automatic_transfer.html
Full FSA plan details are available through the open enrollment site at www.yale.edu/openenrollment
Enrollment in a 2008 Flexible Spending Account must be completed through Self-Service by December 31, 2007, in order to participate in 2008. Employees who do not have internet access may submit paper enrollment forms to the Benefits Office by U.S. mail, postmarked no later than December 31, 2007.