Flex Spending Accounts - Save via Pre-Tax Programs
New York State provides to all its employees a number of very important benefits. One of them, offered through Work Life Services http://www.worklife.state.ny.us, is the Flex Spending Account (FSA). This program has two components. The first is the Dependent Care Advantage Account (DCAA) for child care, elder care, or disable dependent care expenses necessary to enable you to work. The second is the Health Care Spending Account, (HCSAccount) for health care expenses that are not reimbursed by health insurance or other benefit plans.
Both plans are pre-tax deductions available to be used throughout the year. Enrollment is easy through their website, http://www.flexspend.state.ny.us or by calling 1 800 358-7202. The deadline for enrollment is Monday, November 16, 2009.
More information regarding the DCAA is outlined in the attached pdf.