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Hurry, Health FSA open enrollment ends November 1

CLEVELAND, October 29 — As a reminder, open enrollment is currently running for the Health Flexible Spending Account Plan (FSA) and the deadline to register for the 2015 benefit year is November 1, 2014. The FSA Plan is available to BLET represented engineers working on participating railroads, and all train service employees of Texas Mexican Railway.

This important health care benefit was secured by the BLET during the last national contract. At least 7.5% of eligible engineers must participate in the FSA Plan in the 2015 Plan Year, and subsequent Plan Years, or the Carriers will have the right to terminate the plan beginning with the following Plan Year.

You can enroll online at the Your Track to Health website: https://www.yourtracktohealth.com/NewsPage.aspx?MenuId=194

Who is eligible?

Except as noted at the end of this paragraph, locomotive engineers and Tex-Mex train service employees covered by the Health & Welfare portion of the most recent National Agreement, dated January 5, 2012, are eligible to participate in the FSA Plan. The national FSA is distinct and separate from the on-property BNSF FSA Plan. The participation rates identified in this News Flash do not apply to BNSF engineers.

What is the FSA Plan?

The FSA Plan, administered by United Healthcare, is designed to allow you 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. You can then use your FSA account to cover eligible expenses, which means you’ll be using pretax dollars to pay for those expenses. The FSA program was enhanced this year with the addition of an FSA debit card to make it easier to access and use your FSA funds. Visit Your Track to Health for more information: https://www.yourtracktohealth.com/Content.aspx?MenuId=26

What can you save?

You could save hundreds of dollars in taxes each year with the FSA. The amount you could save in taxes depends on how much you set aside and the amount of your expenses.

Also, the FSA Calculator Tool allows you to input annual estimated out-of-pocket costs for medical services (such as deductibles, co-payments, eye exams, dental exams), then shows you how much money you will save on taxes by using the FSA. To check out the potential savings for you and your family, visit the FSA Calculator Tool here:
https://www.myuhc.com/member/prefsaCalcMain.do?preLogin=true&railRoad=true

Why you should participate?

The FSA program will allow you to put aside your own dollars on a pre-tax basis to be available for reimbursement — to you — of eligible and qualified health care expenses not covered by your medical, vision, or dental plans, as well as other approved Health and Welfare expenses, for which coverage is not afforded.

How do I sign up?

Information to sign up for the FSA is contained in the open enrollment packets. Eligible members should have received this information prior to the open enrollment period, which runs until November 1, 2014. This year, open enrollment is again being done on-line (www.yourtracktohealth.com). Please call Railroad Enrollment Services at 1-888-298-9754 if you have any questions.

Frequently Asked Questions

Visit the Your Track to Health website for answers to commonly asked questions regarding the Health FSA program: https://www.yourtracktohealth.com/PageContent.aspx?MenuId=175

The new plan year begins January 1, 2015, but you will need to make your elections during the open enrollment period – even if you enrolled last year you will need to re-enroll for the upcoming plan year as this is a program that requires annual enrollment and elections – or you will miss the train on this one!

Wednesday, October 29, 2014
bentley@ble-t.org

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