Flexible Spending Accounts

Dependent Care (DepCare) Reimbursement Program

The DepCare program allows you to pay for certain dependent care expenses on a pretax, salary reduction basis.  When you enroll, you designate an amount from your paycheck, thus opens your DepCare account.  This amount is deducted before Federal, State and Social Security taxes are taken out, thus lowering your taxable earnings.

Health Care Reimbursement Account (HCRA)

This program allows you to pay for eligible out-of-pocket health care expenses on a pretax, salary reduction basis.  Some examples of eligible expenses include health plan deductibles, co- pays and some eligible over the counter medication, etc..

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Last Modified Mar 7, 2008