NC Flex Enrollment
Why do I need to enroll?
This is a voluntary program to help you save tax dollars. By
having some expenses that you would ordinarily have to pay
out of your net pay taken out of your paycheck before taxes
are deducted, you will have more "take-home pay".
It is a great benefit because it reduces your taxable income,
decreasing the amount of your paycheck that is taxed.
For more information, visit the NC
Flex web site.
Who can enroll in NCFlex?
You may enroll if you are working 20 hours or more per week in a permanent,
probationary, or time-limited position. (Graduate students working
as teaching assistants or research assistants are not eligible.)
What plans are offered under NCFlex?
NCFlex is a program of pre-tax benefit plans, including the following
plans:
- Pre-tax Reimbursement Accounts:
- Health Care Flexible Spending Account
- Dependent Day Care Flexible Spending Account
- Pre-tax Insurance:
- Vision Care Plan
- Voluntary Accidental Death and Dismemberment Insurance
- Dental Plan
- Voluntary Group Term Life Insurance
- Cancer Insurance
- Critical Illness
How do I enroll in the NCFlex plan(s)?
You may enroll online using the Employee Self-Service (ESS) Portal
in BEACON or fill out the NCFlex
Enrollment Form. If you are a new employee, you must enroll within
30 days of your start date.
Talk to your HR Representative for more information about how to enroll
online.
When do the payroll deductions take effect?
Participation begins the first day of the month after you enroll—that
is your effective date of coverage and you can submit any claims beginning
with your effective date of coverage.
How many of the NCFlex benefits plans may I enroll in?
You may enroll in none, one or all of the benefit plans. For more
information, be sure to visit the NC Flex Benefits
Enrollment Guide for more detailed plan information.
How are my contributions withheld?
All of your contributions for NCFlex benefits are made through payroll
deduction, prior to taxes being withheld.
What is the Health Care Flexible Spending Account?
This reimbursement account allows you to prepay a set amount each
month through payroll deduction to cover your anticipated medical expenses
that qualify for reimbursement. The Health
Care Flexible Spending Account information gives you examples of how
this can save you money by setting aside money from your pay before
it is taxed to pay medical
expenses. You'll need to be careful in estimating your medical expenses,
though, because you must submit valid expenses for at least that amount
during the year to avoid losing money.
This information also gives you:
- More tips on how to avoid overestimating your expenses,
- How to submit expenses for reimbursement and
- How to sign up for and use the optional "Convenience Card" (available
in the open enrollment period) to draw directly from your prepaid
account to pay certain covered expenses.
To enroll, list your monthly contribution amount on the enrollment
form or online using the Employee Self- Service (ESS) Portal in BEACON.
How do I know which health care expenses are covered?
You will need to consult the list of eligible health care expenses.
For more information, visit the Health
Care Flexible Spending Account worksheet.
What is the Dependent Day Care Flexible Spending Account?
This account allows you to prepay and be reimbursed with pre-tax dollars
for child care (or dependent adult care) expenses that you pay regularly.
To enroll online, list your monthly contribution amount using the Employee
Self-Service (ESS) Portal in BEACON.
Be careful not to overestimate your expenses, because you must use
at least that amount for day care during the year to avoid losing money.
The maximum you can contribute is $5,000 per year.
How do I know which dependent day care expenses are covered?
You will need to consult the list of eligible dependent day care
expenses. For more information, visit the NC
Flex Benefits Enrollment Guide.
What is the NCFlex Vision Care Plan?
The NCFlex Vision Care Plan, administered by Superior Vision Services,
offers three options:
- Plan 1 — with vision exam and materials
- Plan 2 — with materials only
- Plan 3 — with enhanced vision exam and materials
Consider the options very carefully and consult the NC
Flex Benefits Enrollment Guide for more details.
What is the Voluntary Accidental Death and Dismemberment Plan?
The Voluntary Accidental Death and Dismemberment insurance plan is
underwritten by A.C. Newman and Company on the behalf of Gerber Life
Insurance company (Gerber).
The plan can pay a benefit if you suffer a loss as the result of
a covered accident while you are insured under the plan. It also pays
a benefit if you suffer
certain disabling injuries while covered.
Consult the NC
Flex Benefits Enrollment Guide for more details.
What is the NCFlex Dental Plan?
The NCFlex Dental Plan is administered by United Concordia. The plan
offers two options: High Option and Low Option. Consider both options
very carefully and consult the NC
Flex Benefits Enrollment Guide for more details.
What is the Voluntary Group Term Life Insurance?
Term life insurance pays a benefit to your beneficiary(ies) when you
die. If you enroll in this plan the first time it is offered to you
as a new employee, you may select coverage on a guaranteed basis up
to $100,000 without providing "Evidence of Insurability".
Consult the NC
Flex Benefits Enrollment Guide for more details.
What is the Cancer Insurance?
Cancer Insurance is a comprehensive plan that provides
coverage if you are diagnosed with certain types of
cancer. This coverage is in addition to any medical or
disability insurance you have in place. Consult the NC
Flex Benefits Enrollment Guide for more details.
What is the NC Flex Critical Illness Plan?
The NC Flex Critical Illness Plan is administered by Met Life and
complements your existing medical coverage, if you have any, but does
not replace it. The coverave pays a lump-sum payment when a covered
person experiences a covered condition, such as cancer, bone-marrow
transplant, heart attack, stroke, coronary artery bypass graft, heart
transplant, major organ transplant or kidney failure. If you enroll
in this plan the first time it is offered to you as a new employee,
you may select coverage on a guaranteed basis up to $100,000 without
providing Evidence of Insurability. Consult the
NC
Flex Benefits Enrollment Guide for more details.
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Last updated:
January 8, 2010
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