Flexible Spending, Dependent Care and New Jersey Commuter Accounts
Flexible Spending, Dependent Care and New Jersey Commuter Accounts
A Flexible Spending Account (FSA) lets you set aside money before it is taxed through payroll deductions. The money can be used for eligible healthcare and dependent day care expenses you and your family expect to have over the next year. The main benefit of using an FSA is that you reduce your taxable income. If you do not use the money in your FSA throughout the year, the money is lost, so plan carefully. You must re-enroll in the FSA program each year.
Documents
HR Simplified Flexible Spending Account (FSA) FAQ
HR Simplified Dependent Care Expense Account (DCA) FAQ
HR Simplified Commuter Account (New Jersey only)
Prime Healthcare and Prime Foundation Welfare Benefits Plan SPD