FlexElect and Pre-Tax Parking Reimbursement Accounts
The FlexElect Reimbursement Accounts allow you to set aside pre-tax dollars to pay for out-of-pocket medical expenses, childcare expenses or work-related parking expenses. You avoid paying federal and state income taxes, as well as FICA taxes on each dollar that is set aside in these programs, and most people save at least 25% by funneling payroll deductions through these accounts.
Please take a moment and review the particulars on each of the pre-tax spending programs available to State employees below. If you have questions or concerns about any aspect of these programs, please do not hesitate to contact ASIFlex directly at 1-800-659-3035 for assistance.