csONE Benefit Solutions is the District's HRA/HSA/FSA Administrator for the 2019 Calendar year.
- Eligible employees can enroll in Flexible Spending Accounts (for qualified Medical and/or dependent care expenses) each year during the Open Enrollment (the November -December 14th timeframe).
- Open enrollments are effective January 1st - December 31st of the following year.
- Current participants must remember to re-enroll each year to continue participating in Flexible Spending Accounts. Enrollment does NOT carry forward year to year.
csONE is the Third Party Administrator for 2019 calendar year for the South Burlington School District.
What should I do with any FSA related expenses FROM 1/1/2019 ON?
FSA reimbursement claims will be placed with the new FSA provider and paid out within 10-15 work days. Claims can be sent to csOne Benefit Solutions using any of the following methods:
Fax 1-603-224-0230 Email: flexiblebenefits@csONE.com
Mail: PO Box 1320 Concord, NH 03302-1320
What can you tell me about the new Debit Cards?
New csONE Benefit Solutions Benefit Debit Cards will be mailed to employees. 2 per household. Requests for additional cards may be made. The cards will not be active prior to 1/1/19. The cards will be funded with prior available balances with rollover funds applied. New debit cards will be loaded with the new plan year benefits.
What can I use the csONE debit card for?
The Debit card will be available for use for HRA / FSA approved pharmacy expenses, FSA approved medical purchases, qualifying dental and vision expenses if you funded one from your paychecks. After your deductible (which re-starts each calendar year on January 1st) has been satisfied, your HRA funds deposited by the SBSD will become available. DO NOT USE CARDS AT MEDICAL PROVIDER (DOCTOR'S OFFICES)
What if I have questions about csOne?
Contact csONE at 1-888-227-9745 ext. 2040.
Consider opening a self funded FSA to cover the deductible you will pay. This allows you to use pre-tax money to pay for those expenses.
Up to $500 of a FSA account can carry over into next calendar year.
Taking Advantage of Your Employee Reimbursement Account.
Employee Reimbursement Accounts are actually tax advantage programs. These pre-tax plans which can be adopted by your employer are designed to save you money on healthcare and child care expenses. Because the funds in these accounts are pulled from your paycheck pre-tax, they lower your taxable income. That's the first advantage, depending on which accounts your employer adopts the benefits stack up from there.
Flexible Spending Account (FSA)
Health FSA: With this account, you set aside the amount of money (up to the plan maximum) that you think you and your dependents will spend on qualified health expenses for the plan year. This amount will typically be taken from your paycheck each pay period in even increments over the plan year. The full election will be available to you day one of the plan year. However, if you do not use those funds, up to $500 will roll over into next calendar year, any balance over $500 will be forfeited.
Dependent Care FSA: This account allows a household to set aside up to $5,000 pre-tax for day care expenses. In order to be eligible for this account, the expense for care must be so that you (and your spouse if you are married) can work. The dependent must be claimed on your taxes and under 13 or incapable of self-care. These funds are also forfeited at the end of the year if they are not used.
Health Reimbursement Account (HRA)
An HRA is an employer funded account that provides funds to offset healthcare expenses. These plans are unique by employee group, support staff or teacher staf, but in each case, the employer provides the funds. Employees cannot contribute to an HRA.
Health Savings Account (HSA)
These accounts can only be paired with a Qualified High Deductible Health Plan. They can be used to pay for qualifying healthcare expenses. You can contribute to your HSA and so can your employer. There is no "use it or lose it" condition on an HSA. There is a federal maximum that you can contribute each year. With a csONE.com HSA, you can even invest funds over $2,000 in mutual funds. The HSA is portable, so you can take it with you if you leave employment. After age 65, you can use HSA funds for non-qualifying expenses. The District currently funds $1000 total towards HSA. HSA and HRA cannot be combined.
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