NYS Flex Spending Enrollment Period
October 3, 2016
The NYS Flex Spending Account assists state employees in saving money to pay for necessary health or dependent care expenses because money set aside in these accounts are not subject to federal, state, and social security taxes. There are two different accounts:
The Health Care Spending Account (HCSAccount) currently lets you set aside any amount from $100 up to $2,550 for the 2017 tax year to pay for health care expenses that are not reimbursed by your health insurance or other benefit plan. However, only medically necessary medical, hospital, dental, vision, hearing, and prescription drug expenses for you, your spouse, and your eligible dependents can be reimbursed by your HCSAccount. The maximum contribution may be subject to change annually since it is indexed to inflation.
The Dependent Care Advantage Account (DCAAccount) allows your family to set aside up to $5,000 in pre-tax salary for eligible custodial child care, elder care, or disabled dependent care expenses that are necessary for you and your spouse if you are married, to work. Please Note: The Employer Contribution for this account will end at the conclusion of 2016 due to the expiration of the collective bargaining agreements.
Click Flex Spending 2017 for the brochure.
To enroll for the 2017 plan year, or to get additional information, please visit 2017 Flex Spend or call 1-800-358-7202.
