People & Culture Updates

from Angela Fiorini, Vice President, People & Culture

I am pleased to announce that Brandy Lofton, our Senior HR Generalist based in Dallas, has written this month’s What’s Working column for the People & Culture team. Thank you Brandy!

Updating Personal Information in Paycom

In an effort to ensure that Paycom has your most up to date contact information, we are asking that you review the information listed on your Employee Self Service Profile and if you do need to make changes to your information, you can do so yourself.

When you log into your Employee Self Service Profile, all changes can be made under the information tab. This is where you can update your address and contact information as well as your HR information (such as marital status).

It is important to ensure this is correct because the People & Culture team relies on this information in the case of an emergency and, if we need to send any correspondence, we will refer to the information in Paycom.

Flexible Spending Account

Are you taking advantage of a Flexible Spending Account (Medical Care and/or Dependent Care)? A Medical Flexible Spending Account is a special account that you put money into that you use to pay for certain out-of-pockets health care costs, as defined by the IRS. In addition to a FSA, the IRS also offers a Dependent Care FSA which is an account used to pay for eligible dependent care services. Just like the Medical FSA, you can add money into this account. One great benefit to the FSA is that all contributions are pre-tax. What this means for you is that by making contributions to the FSA, you lower the amount of income subject to taxation.

Here are a few important items to know about the FSA…

  • TASC is the company that handles MCI’s FSA
  • You can file a claim online: https://www.tasconline.com/
  • Customer Service Line: 1-800-422-4661
  • Medical FSA IRS 2018 IRS Limit: $2,650
  • Dependent Care FSA IRS 2018 Limit: $5,000
  • You cannot contribute to both the Health Savings Account and the Medical Flexible Spending Account in the same calendar year – You can however, contribute to the Health Savings Account and the Dependent Care Account in the same calendar year.

Also, as mentioned in prior communications, beginning in 2019, we will be adding a Commuter Spending Account, or FSA for commuters. The Commuter Spending Account (CSA) is a valuable benefit program that allows you to save money on your eligible commuting expenses. The CSA allows you to pay for qualified transportation expenses (e.g., transit and parking) on a pre-tax basis, subject to IRS-required maximums.

All Flexible Spending Plans (medical, dependent care, and commuter care) are on a calendar year (January 1 – December 31) so if you are not currently enrolled but would like to enroll for next year, People & Culture will send correspondence out the last quarter of this year so stay tuned!