Tax$ave & Commuter Tax$ave

Tax$save

The State Employees Tax Savings Program, Tax$ave, lets you set aside before-tax dollars to pay for certain medical, dental, and dependent care costs, which helps you avoid federal taxes and save money.

Tax$ave is made up of three separate plans:

  • The Premium Option Plan (POP);
  • The Unreimbursed Medical Flexible Spending Account (Medical FSA); and
  • The Dependent Care Flexible Spending Account (Dependent FSA).

See our fact sheet Tax$ave, for details about eligibility and the benefits under its component plans.

Enrollment

You must enroll in a Flexible Spending Account (FSA) each plan year in order to participate. WageWorks, Inc. handles the FSA plans for the NJDPB. You can enroll during open enrollment in one of these ways:

New employees must enroll within 30 days of hire date. Contact WageWorks customer service toll-free at 1-855-428-0446 or visit WageWorks online at: www.wageworks.com

Open enrollment for Tax$ave happens every October.

Section 125 Plans for Local Employers

The Tax$ave Program is only available to eligible State employees.

Local government and local education employers are required to offer Section 125 plans to their employees; however, local employers must have their own Section 125 programs. Local employees should contact their benefits administrator to learn about the specific plans and benefits that are available.

Declination of POP

Enrollment in the Premium Option Plan (POP) is automatic unless you submit a Declination of Premium Option Plan form.

By declining POP you choose to pay more in taxes. To decline enrollment in this tax-savings plan, use the form for State Employees or for State College Employees.

About Commuter Tax$save

The New Jersey State Employees Commuter Tax Savings Program, Commuter Tax$ave, lets you set aside before-tax dollars to pay for mass transit and commuter parking expenses, so you can avoid federal taxes and save money.

See our fact sheet, Commuter Tax$ave, for details about eligibility and program benefits.

Commuter Tax$ave is handled by TransitChek, a division of WageWorks, Inc.

You can enroll in Commuter Tax$ave by calling TransitChek at 1-888-618-2435, or enroll on their website at: www.mycommutertaxsave.com


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Last Updated: Thursday, 02/15/18