Flexible Spending Accounts
Making Your Dollars Go Further
NCFlex offers two types of Flexible Spending Accounts (FSAs) that allow you to set aside pre-tax dollars from your paycheck to pay for eligible health care and dependent day care expenses. You determine how much you contribute and you never pay taxes on the money set aside in an FSA, which helps you stretch your paycheck a little more.
You must enroll in Flexible Spending Accounts each year.
How FSAs Save You Money
| Example of Annual Tax Savings* | Without An FSA | With An FSA |
|---|---|---|
| Annual Pay | $40,000 | $40,000 |
| Pre-Tax Money Deposited In FSA | -$0 | -$2,500 |
| Remaining Taxable Annual Pay | $40,000 | $37,500 |
| Federal & Social Security Taxes | -$12,000 | -$11,250 |
| Take-Home Pay Spent on Qualified Expenses | -$2,500 | -$0 |
| Take-Home Pay | $25,500 | $26,250 |
You can see in the bottom row that this example would bring home an additional $750 by using an FSA.
Paying for Expenses
When you enroll in an FSA, you'll receive one NCFlex Convenience Card to use for either or both accounts. You can use the card to pay for eligible expenses only.
Your NCFlex Convenience Card remains active for several years as long as you remain enrolled in the account(s). A new card will be mailed to you automatically when your card expires. You may order additional cards free of charge. You can also add your convenience card to your digital wallet to pay with your mobile device.
When Can I Access My Contribution?
Your entire annual contribution is available in your account on January 1 of the plan year, or the date your account becomes effective.
Your overall contribution is available in your account for dependent day care expenses based on payroll deductions. For the DDCFSA, you have access to the funds you've actually contributed only.
Filing Claims
Log into your P&A Group account to file claims and check your account balance any time or call the number on your card.
| Contact Information for FSAs | |
|---|---|
| Website | ncflex.padmin.com |
| Customer Service | 1-866-916-3475 8 a.m.–10 p.m. (ET), Monday–Friday |
| Mailing Address | P&A Group Attn: NCFlex FSA Plan 6400 Main Street, Suite 201 Williamsville, NY 14221 |