BLET members to keep Health FSA plan for 2018
INDEPENDENCE, Ohio, November 21 — Members of the Brotherhood of Locomotive Engineers and Trainmen (BLET) will keep the Health Flexible Spending Account (Health FSA) through 2018 thanks to high enrollment levels 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 7.5% of eligible members must participate in the Health FSA or the Carriers obtain the right to terminate it.
Following the conclusion of the Open Enrollment for the 2018 Plan Year, 11.40% of eligible BLET members had enrolled in the program. This is the highest percentage of participation since the program began.
The FSA Plan is available to BLET-represented engineers working on participating railroads, and all train service employees of the Texas Mexican Railway. Also, BLET members subject to the September 16, 2011 UTU National Agreement are currently eligible to participate in the Health FSA program provided for in that Agreement. 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.
“Membership participation levels in the Health FSA have increased steadily each year over the last five years,” BLET National President Dennis R. Pierce said. “I believe those participation levels will continue to climb as word continues to spread about the positive benefits of our Health FSA program.”
Any members with questions regarding the FSA should call United Healthcare at (877) 311-7849 or visit www.yourtracktohealth.com .
Tuesday, November 21, 2017
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