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ADOBE ACROBAT READER |
 Flexible Spending Accounts Program | ||
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|  The City of New York offers its employees a Flexible Spending Accounts (FSA) Program, which is allowable under Internal Revenue Code (IRC) Section 125. The Program allows City employees to deposit a portion of their pre-tax income into accounts maintained for certain health and dependent care expenses. Employees covered by a non-City group health plan can enroll in the MSC Program and waive City health benefits to receive an incentive payment, up to $1,000 per year.  FSA Overview | |
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Health Care Flexible Spending Account (HCFSA) Program With HCFSA, City employees can pay for eligible out-of-pocket medical, dental, vision, and hearing expenses on a pre-tax basis, with deductions taken directly from salary. These deductions reduce an employee's gross income on his/her Form W-2 for federal and Social Security tax purposes. Learn moreSee the FAQ | |
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Dependent Care Assistance Program (DeCAP) DeCAP allows City employees to pay for eligible dependent care expenses on a pre-tax basis, with deductions taken directly from paychecks. These deductions reduce an employee's gross income on his/her Form W-2 for federal and Social Security tax purposes. Learn moreSee the FAQ | |
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Medical Spending Conversion (MSC) Health Benefits Buy-Out Waiver Program The Health Benefits Buy-Out Waiver Program allows eligible employees who can obtain non-City group health benefits to waive their New York City health benefits in return for an annual cash incentive payment. Learn moreSee the FAQ | |
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Medical Spending Conversion (MSC) Premium Conversion Program The Premium Conversion Program enables eligible employees to pay for their health plan premium deductions on a pre-tax basis, thereby reducing their gross income for tax purposes. Learn moreSee the FAQ | |
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Email the Flexible Spending Accounts Program | |
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