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Flexible Spending Accounts (FSAs)

A Flexible Spending Account (FSA) allows you to deposit money from your paycheck into a special account before it is taxed, and then use that money to reimburse yourself for eligible expenses. The great advantage is that you pay no federal taxes on your contributions. It costs you less to pay for eligible expenses. 

You can set up one or two reimbursement accounts — one for qualifying health care expenses and one for qualifying dependent child care expenses.  Reimbursements are processed by PayFlex, our third party administrator.

Healthcare FSA (formally, Health Benefit Expense Account or HBEA)

This account allows you to pay for predictable health care expenses, like deductibles and copayments, and also other health-related expenses not covered by insurance.

Dependent Care FSA (formally, Dependent Care Expense Account or DCEA)

This account gives you a tax-advantaged way to pay for the care of a dependent child or a dependent family member while you are at work.
 
Contributions to the Healthcare Flexible Spending Account (HFSA) and/or the Dependent Care Flexible Spending Account (DFSA) are subject to New Jersey State Income Tax. 

Did you know?

Princeton also has expense reimbursement accounts for parking and transit when you commute to work and can’t access free parking on campus.
 
You can count on support from knowledgeable and responsive HR staff when you have a benefits question or problem. Just call or e-mail us. We’re here to help!
  

While the University intends to continue each of the benefit plans, the University reserves the right to terminate or amend any plan, at any time, and for any reason.