BLET members to keep Health FSA plan for 2014
CLEVELAND, December 17 — Members of the Brotherhood of Locomotive Engineers and Trainmen will keep their Health Flexible Spending Accounts (Health FSA) through 2014 thanks to an increased level of participation in the money-saving plan.
A negotiated benefit obtained in the 2012 national contract, the Health FSA allows members to use pretax dollars to pay for certain medical expenses that are not covered under any health plan (including a railroad health & welfare plan) or any other source. The plan could allow members to save hundreds of dollars per year in taxes.
The 2012 contract stipulates that at least 5% of eligible engineers must participate in the Health FSA in the 2014 Plan Year or the Carriers would have the right to terminate the plan. Following the conclusion of the Open Enrollment for 2014, 8.45% of eligible BLET members had enrolled in the program. In 2015 and future Plan Years, participation levels must reach a minimum of 7.5%.
Except as noted at the end of this paragraph, members eligible for the plan include locomotive engineers and Tex-Mex train service employees covered by the Health & Welfare portion of the most recent National Agreement, dated January 5, 2012. The national Health FSA is distinct and separate from the on-property BNSF Health FSA plan. The participation rates identified in this News Flash do not apply to BNSF engineers.
BLET National President Dennis R. Pierce thanked all BLET members who are participating in the plan and credited the efforts of the BLET’s National Mobilization network and the grass-roots approach of our local officers for helping the Organization to reach the necessary participation level this year. He also encouraged more members to sign up for the 2015 Plan Year and beyond.
“I believe this is a good program that will help members save money,” President Pierce said. “I am optimistic that participation levels will increase as members spread the word about its benefits and become more familiar with the positive aspects of the plan.”
Any members with questions regarding the FSA should call United Healthcare at (888) 298-9754 or visit Your Track to Health.
Tuesday, December 17, 2013
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