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Pensions and Benefits
The state of New Jersey is pleased to announce the continued availability of the
Unreimbursed Medical and the Dependent Care Spending Accounts to employees of the state,
state colleges, and state universities. You must be a full-time employee eligible for the State Health Benefits
Program in order to participate in the Tax$ave program.
If you would like more information about the Flexible Spending Accounts,
please check out the following link:
Flexible Spending Accounts.
The "Employee" drop-down menu contains links to downloadable forms and listings of eligible expenses.
The Tax$ave 2007 Open Enrollment period begins October 1 and runs
through October 31. Please be advised that you MUST enroll in the FSA plans
during Open Enrollment in order to participate in the Tax$ave program for
the upcoming Plan Year.
Grace Period
You now have until March 15 of the following year to incur eligible expenses for the current plan year for both your
Dependent Care Spending Account and your Unreimbursed Medical Account. While this does not eliminate the use-it-or-lose-it
rule completely, you now have a great advantage to avoid forfeiting unused funds. If you have a balance remaining in your
Dependent Care Spending Account and/or your Unreimbursed Medical Account as of December 31, you can use those funds for
eligible expenses incurred from January 1 through March 15 of the following year. For example, if there are leftover 2006
funds those dollars will be used first for any expenses, then the 2007 funds will be used once the 2006 dollars are exhausted.
If you use your Benny card at a provider's office for an expense incurred from 1/1/07-3/15/07 and you still have remaining
funds in your 2006 Unreimbursed Medical Account, the funds from your 2006 account will be utilized first. Once your 2006
funds have been exhausted your 2007 funds will be utilized.
Runoff - NEW
Starting with the 2006 plan year, you will have until 4/30/07 to submit expenses
incurred from 1/1/06-3/15/07 for both your Dependent Care Spending and your
Unreimbursed Medical Account.
Downloadable Forms
Click here to see a full list of our forms available for download.
Additional Services
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Benny™' Card
The Benny™' MasterCard®'' is a special card that draws on the value of your
annual Unreimbursed Medical Spending Account election amount. Using Benny™' is simple, because
funds are immediately transferred from your Unreimbursed Medical Spending Account at the time you
incur a qualifying expense, improving your cash flow because you don't have to lay out
cash at the time of purchase. You can use the Benny™' Card for qualifying expenses, such
as covered Rx copayments, health plan copayments and deductibles, orthodontics,
eyeglasses, LASIK surgery, and more.
The Benny™' Card is sent to you automatically upon enrollment in the
Unreimbursed Medical Spending Account plan. There is no additional application to fill out!
The Benny MasterCard is good for five years and should not be thrown away at the end of the plan year.
REMINDER: When using your Benny card, be sure to save your receipts. In order to comply with IRS
regulations, we are required to audit card transactions. If you receive an audit letter from us, please be
sure to send a copy of your receipt and not your original. The original should be kept for your records.
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Drugstore.com
You can now use your Benny CardTM' to purchase over-the-counter (OTC) products eligible under your Unreimbursed Medical Spending Account through a new partnership between Evolution Benefits and drugstore.com, the top online retailer for health and wellness products.
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Select to go Direct
You can now elect to have your Unreimbursed Medical and/or Dependent Care Spending Account payments directly deposited into a checking or savings account. Click on the "Select to go Direct" link to download the application form. |
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How can you tell
if a payment has been made?
Click on the link to view a sample direct deposit payment. All direct deposit payments begin with the number "9" and can be viewed in the "View Payments" section of the online services menu. |
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