The premium amount is the current bi-weekly deductions from your paycheck calculated monthly. (Note: premiums may be adjusted to reflect additional coverage).

The premium amount is the current bi-weekly deduction from your paycheck calculated monthly (Note: premiums may be adjusted to reflect additional coverage).

You may cancel your benefits while on FMLA leave, only if you have the qualifying event – gains-other-coverage takes place. Supporting documentation will be required. 

The effective date of the termination of benefits is the first of the month following the update in Workday and the approval by Benefits.

To apply for a medical workplace accommodation or work restriction, please submit a request.

The minimum contribution for both plans is $5. 

For a 403(b), if you leave HCPSS employment at age 55 or older, or at age 59 ½ regardless of HCPSS employments status, qualified withdrawals are taxed as ordinary income. There is a 10% penalty for early withdrawal.

For a 457(b), when you leave HCPSS employment, regardless of age, qualified withdrawals are taxed as ordinary income.

(Note: Qualified withdrawals can be a hardship withdrawal or a loan request.)

Yes, please contact the HCPSS Benefits Office for details. Call (410) 313-7333 and select option 1 or email benefits@hcpss.org.

For 403(b) and 457(b) accounts, yes, you may change your withdrawal option, amount, or frequency once you start your payout, excluding purchased annuities. Contact your provider for more information.

Yes, you may withdraw money from your 403(b) while you are still employed, but only if you are 59 ½ or older, or qualify for a hardship withdrawal requests. There is a 10% penalty for early withdrawal.

Yes, you may withdraw money from your 457(b) while you are still employed, but only if you are 59 ½ or older or qualify for an unforeseeable emergency.
Requests for unforeseeable emergencies are administered by Nationwide.