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INSURANCE RETIREMENT TEXFLEX TEXA$AVER NEWS EVENTS CALENDAR ERS INVESTMENTS
 
TexFlex
Monday, October 5, 2009
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ERS - Employee Retirement System
Overview of TexFlex

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TexFlex Flexible Spending Accounts (FSAs) let you put money aside to pay for out-of-pocket health and day care expenses. You can set aside as little as $180 or as much as $5,000 per plan year (September 1 through August 31) to pay for eligible expenses.

Use your account money to pay for copayments for physician and dentist visits, prescription drugs, eyeglasses and contact lenses, and day care for a child or adult family member. For a complete list of eligible and ineligible expenses, visit the list of eligible expense items new window icon on the TexFlex website.

Benefits of TexFlex
Save money on taxes - here's how with TexFlex. Examples show you how you can increase your spendable income.
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Enrollment
If you or your family members have health or day care expenses, you should be enrolled in TexFlex so you can pay for them tax-free.
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  An annual TexFlex administrative fee of $24 is charged for each of your TexFlex accounts. Learn more about this fee.
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Purchases
Whether you use the PayFlexTM Debit Card or your own money for a TexFlex purchase, save the receipt and any other documentation showing it was an eligible expense.
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Saving Calculator
Our Savings Calculator is an interactive tool to show how you can save on your taxes if you enroll in TexFlex.
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