Benefits Newsletters

Latest Newsletter: December, 2018

Sun, Dec 2nd 2018, 7:53pm

Time is running out!  The Federal Benefits Open Season happens only once a year, and the end date is quickly approaching!  Don’t miss out on this important opportunity!  Review and update your benefits, if needed. The Open Season will end on December 10th for the participating programs.  For detailed information about the Open Season, view the Open Season announcements.

The following three programs are participating in this year’s Open Season for the 2019 plan year:

Sun, Dec 2nd 2018, 7:54pm

Do you still have questions about the 2019 plan benefits?  Did you miss the Benefits Open Season Fair?  Register to attend the Virtual Benefits Fair to chat with carriers, review 2019 plan details, and get the information you need to help you make the right decisions for you.  Log in to the Virtual Benefits Fair anytime during the Benefits Open Season (November 12 - December 10) to visit individual carrier booths, watch instructional videos, and register for educational webinars.  You also have the option to tune in for a live carrier chat on December 5th, 10a.m.

Sun, Dec 2nd 2018, 8:00pm

The Open Enrollment for the 2019 NIH Leave Bank is currently underway and will end on December 10, 2018.  Protecting your paycheck while helping others has never been this easy, so don’t miss this final opportunity! Should you join? Ask our recipients:

“My family and I were very grateful the NIH Leave Bank existed when I needed it the most. I think the NIH Leave Bank is an important program to assist NIH employees during medical emergencies.” —Leave Bank Recipient

Sun, Dec 2nd 2018, 8:04pm

Last year, NIH employees lost over 75,000 hours of annual leave. Don’t let your leave disappear!  Please donate your unused “Use-or-Donate” annual leave to the NIH Leave Bank by January 5, 2019! Leave donations to the NIH Leave Bank reinforce the charitable and giving spirit of the NIH community ensure the Leave Bank will have leave available for fellow employees experiencing a personal or family medical condition who have exhausted their own leave. Your donations are critical in assisting fellow NIH employees – here is one of their stories:

Sun, Dec 2nd 2018, 8:05pm

The IRS has announced a $50 increase to the annual employee pre-tax maximum contribution allowed under both the Health Care Flexible Spending Account (HCFSA) and Limited Expense Health Care Flexible Spending Account (LEXFSA).  The contribution limit will increase from $2,650 to $2,700.  This change does not affect the annual maximum for the Dependent Care Flexible Spending Account (DCFSA), which remains at $5,000.  The increase for the HCFSA and LEXFSA is effective for accounts beginning on or after January 1, 2019.

Sun, Dec 2nd 2018, 8:08pm

The 2019 IRS annual limit for regular TSP contributions will increase to $19,000.  If you are covered by the Federal Employees Retirement System (FERS, FERS-RAE, or FERS-FRAE), you could lose valuable matching Agency TSP contributions by reaching the limit before the end of the calendar year. If you want equal payments deducted over the 2019 calendar year for 26 pay periods, you should contribute $731 each pay period. If you are currently contributing a lesser or higher amount, but want equal payments withheld over the course of the year that will equate to $19,000, you must enter your elec

Sun, Dec 2nd 2018, 8:12pm

In addition to regular TSP contributions, you may also make TSP Catch-up contributions , if you meet the following criteria:  1) you are age 50 or over (or will be age 50 during 2019); 2) you are in pay status; AND 3) you are contributing an amount towards your regular TSP which will cause you to reach the $19,000 IRS limit by the end of the 2019 calendar year.   The 2019 IRS limit for Catch-up contributions is $6,000.   Unlike regular TSP elections, a Catch-up election is only valid for one year.  Th

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