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Financial planners and tax advisors encourage people to save money on taxes by
lowering their taxable income. ERS offers you opportunities to follow this advice.

By participating in one or more of the TexFlex flexible After you enroll in a TexFlex health care FSA or TexFlex
spending accounts (FSA), you can set aside money pre-tax limited FSA, you will receive a debit card in the mail. You
from your paycheck to cover eligible out-of-pocket health can use it to pay for eligible expenses. There is no cost to
care and dependent care expenses. Each month, your you to use the debit card.
defined TexFlex contribution is automatically withdrawn Because TexFlex accounts are tax-free, the Internal
from your paycheck and deposited into your account. Revenue Service (IRS) requires all purchases with TexFlex
Once your account is set up, you can make changes to funds to be validated. WageWorks, the TexFlex plan
your TexFlex contribution only during Summer Enrollment, administrator, may ask you to submit proof that you used
unless you have a qualifying life event during the plan year. your TexFlex funds to pay for eligible expenses. Please be
If you do not make a change during Summer Enrollment, sure to SAVE YOUR RECEIPTS — even if you use your
your account elections will stay the same. debit card.

TexFlex offers three types of accounts, and active employees
may be eligible to enroll in up to two at a given time. The following
charts show how each type of account can be used, and the rules
that apply.

Flexible spending accounts comparison chart
Limited Account
Health Care Account Consumer Directed HealthSelect Dependent Care Account
participants only
• Day care, After-school care,
• Your portion of medically and Summer day camp for
Eligible expenses necessary charges, including Vision and dental expenses not dependent children under
(for a complete list see copays and coinsurance. covered by insurance. age 13.
the plan website)
• Prescription drug deductible. • Adult day care for qualifying
individuals.

$2,650 per participant, $2,650 per participant, $5,000 per household,
Maximum contribution
per fiscal year. per fiscal year. per fiscal year.
Funds available monthly as
Funds availability Full election available Sept. 1 Full election available Sept. 1
contributions are made.

Debit card (no fee) Yes Yes No

Carryover of funds or Carryover up to $500 after Carryover up to $500 after Grace period (extra time to incur
grace period Aug. 31 Aug. 31 expenses) from Sept. 1 to Nov. 15
Submit claims incurred between Submit claims incurred between Submit claims incurred between
Runout period* Sept. 1, 2017 and Aug. 31, 2018 Sept. 1, 2017 and Aug. 31, 2018 Sept. 1, 2017 and Nov. 15, 2018
by Dec. 31, 2018. by Dec. 31, 2018. by Dec. 31, 2018.
*Extra time allowed to submit claims for PY18 account.

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