Each year, employees must decide whether or not to participate in the University’s expense account programs. If you decide to participate, you must make your election in eBenefits during the Open Enrollment Period for the next calendar year.
An expense account 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 expense accounts — one for qualifying health care expenses and one for qualifying dependent child care expenses. Contributions to the Health Benefit Expense Account (HBEA) and/or the Dependent Childcare Expense Account (DCEA) are subject to New Jersey State Income Tax.
PayFlex is our third party administrator for our health benefit and dependent care expense accounts as well as the parking and transit reimbursement accounts.
Did You Know?
Princeton also has expense reimbursement accounts for parking
when you commute to work and can’t access free parking on campus.
If you have any questions, call or e-mail the Benefits Team for assistance.
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