Published October 3, 2017 This content is archived.
Open enrollment is now underway for New York State Flex Spending Accounts, which allow state employees to pay for certain dependent care or health care expenses with pre-tax dollars.
The Health Care Spending Account lets employees set aside any amount — from $100 up to $2,600 annually — to pay for health care expenses that are not reimbursed by health insurance or other benefit plans. These include medical, hospital, laboratory, prescription drug, dental, vision and hearing expenses for employees and their tax dependents.
The Dependent Care Advantage Account allows workers to set aside up to $5,000 for eligible child care, elder care or disabled dependent care expenses that are necessary for the employee and his or her spouse to work.
The open enrollment period for 2018 runs through midnight Nov. 6.
Employees enrolled in Flex Spending Accounts for 2017 must re-enroll for 2018 to continue their benefits.
For more information, visit the Administrative Services Gateway website.