Published September 25, 2014 This content is archived.
Open enrollment opens Oct. 6 for New York State Flex Spending Accounts, which allow state employees to pay for certain expenses with pre-tax dollars.
Employees who are enrolled for 2014 must re-enroll to continue benefits in 2015.
The Health Care Spending Account lets employees set aside any amount — from $100 up to $2,500 for the 2015 tax year — to pay for health care expenses that are not reimbursed by health insurance or other benefit plans. These include medically necessary medical, hospital, dental, vision, hearing and prescription drug expenses for employees, their spouses 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 2015 runs from Oct. 6 through Nov. 7.
Participants can enroll online or by calling 1-800-358-7202.