Flexible Spending Account (FSA)
A Flexible Spending Account (also known as an FSA), is an employee benefit program that enables pre-tax dollars to be used to pay for eligible health care and dependent care expenses. With an FSA, every dollar you set aside decreases taxes and may increase your take-home pay. You elect to have your annual contribution deducted from your paycheck each pay period, in equal installments throughout the year - BEFORE federal income, state income (in most cases) and Social Security taxes are taken out. Result ... you may keep more of the money you earn! Want to learn more? Review Frequently Asked Questions.

Health Reimbursement Arrangement (HRA)
A Health Reimbursement Arrangement, also known as "health reimbursement account" or "personal care account," is an employer sponsored benefit plan that reimburses employees for qualified medical expenses. Employers reimburse participants for a portion of certain qualified medical expenses. Eligible expenses may be limited by your employer or can include all eligible expenses allowed by the IRS. If you do not use all of the funds set aside for you in your HRA, your employer may have made provisions for rolling over unused funds to the new plan year. In some cases, former employees, including retirees, can have continued access to unused reimbursement accounts.
Important Information: The IRS allows for a great deal of flexibility in the HRA plan design. You should consult with your employer to understand the specifics of your plan.

Parking & Transit Reimbursement Plan
Your employer provides you with the opportunity to pay for Parking and Transit benefits on a pre-tax basis. The benefits you elect are non-taxable. You may save Social Security and income taxes on the amount of your compensation reduction! You may have either a transit or parking account, or both. Transit covers public transportation or vanpooling expenses you incur while getting to and from work. Types of expenses that are covered under this plan include: buses, trains, subways, and ferries. A parking account covers your monthly parking fees that you pay for parking provided at or near your regular place of work, or at or near where an you may park in combination with mass transit or commuter highway vehicles (such as a "park-n-ride" lot). Want to learn more? Review Frequently Asked Questions.