Through PEF’s work with the state, the Dependent Care Advantage Account (DCAA) and the Health Care Spending Account (HSCA) plans have adopted carryovers for plan year 2021.
Flexible Spending Account
The HCSA plan adopted a carryover benefit, which allows employees to use up to $550 of monies remaining in their 2021 account toward eligible expenses incurred during the 2022 calendar year.
Flex spending is a benefit program that PS&T Unit members may use to save money on their taxes through the HCSA. If eligible, you may annually make an election, in pre-tax dollars, to pay for out-of-pocket expenses that are not reimbursed by health insurance.
Your FSA can pay for medical, vision or dental expenses, such as prescription sunglasses, acupuncture, sunscreen (30 SPF or higher), dental care, and much more! Visit the FSA Store for a searchable list of IRS-approved expenses.
The last day to submit claims is March 31, 2023.
Dependent Care Advantage Account
Participants are now able to use the remaining balance from their 2021 DCAA toward eligible expenses incurred during the 2022 plan year. Current participants will receive an email from the administrator of the plan, WageWorks, with details.
DCAA is a negotiated employee benefit that provides a tax-free way to help you, as state employee, to pay for custodial childcare, elder care, or disabled dependent care while you are at work.
Your DCAA can pay for eligible expenses, such as, daycare, before/after-school programs, nursey school, pre-school programs, summer and sports camps, virtual/remote camps and care, and more. Visit the IRS searchable list of covered/eligible expenses.
PEF is awaiting the final claim’s submission date for the 2021 plan year and as soon as the date is set participants will be notified.
You can check your 2021 DCAA or FSA balances at participant.wageworks.com/nysfsa or by calling 1-800-358-7207. If you have any questions about the carryovers, email email@example.com or call WageWorks/Health Equity at 1-800-358-7202.