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The state offers both a medical and a dependent care flexible spending account option to employees as a way to decrease out of pocket expenses for medical and dependent care expenses. Under a provision of the Section 125 tax law, employees are allowed to payroll deduct a portion of their gross income on a pre-tax basis for the payment of their medical and dependent care expenses. Using pre-tax dollars to pay for out of pocket medical and dependent care expenses can reduce your costs by 30% or more depending on your tax bracket.
Effective July 1, 2009, a benefit debit card will be available for State flexible spending account participants. See the Benefit Card Flyer and Frequently Asked Questions for details.
Cornerstone Administrative Services has recently merged with TASC (Total Administrative Services Corporation) to administer the state medical and dependent care flexible spending accounts (FSAs). For plan details, please see the Flexible Spending Account Overview. To enroll, please complete the Flex Plan Application and submit it to your agency Human Resource office. For customer service, please contact TASC at 1-800-422-4661 or Cornerstone at 1-800-720-4460.