Save on a wide variety of everyday medical, dental, vision, day care, parking and transit expenses with a pre-tax savings account. It’s a tax break that’s simple to use.

When you enroll, you determine the dollar amount you want to contribute to each account based on your estimated expenses for the upcoming plan year – January 1 to December 31, 2020. Your contributions will be deducted in equal amounts from each paycheck, pre-tax, throughout the plan year.

The more you contribute to your pre-tax savings accounts, the more you reduce your taxable gross salary. When you pay less in taxes, your take-home pay increases!

For more information, visit the CYC landing page for the State of Wisconsin

ERA Payroll Processing for 2020

  • ERA contributions will be distributed evenly over the course of the year, in accordance with your payroll schedule.
  • Biweekly: 24 pay periods | Monthly: 12 pay periods | 9-Month: 9 pay periods

Note: If you are already enrolled in a pre-tax savings account, you must re-enroll each year to continue participation. Enrollments do not carry forward from year to year. If you do not enroll for the 2020 plan year by October 25, you will not be able to enroll until the next plan year's open enrollment or you experience a qualified life event.

Health Care Flexible Spending Account (FSA)

A Health Care Flexible Spending Account (FSA) allows you to set aside tax-free dollars each year for health care expenses not covered by insurance. You may use these funds to pay for eligible health care expenses incurred by you, your spouse and your qualified dependents.

Read More about Health Care Flexible Spending Account (FSA)

Health Savings Accounts (HSAs)

Only available to participants enrolled in a High Deductible Health Plan (HDHP).

A Health Savings Account (HSA) is an individually-owned, tax-advantaged account that you can use to pay for current or future eligible medical expenses. With an HSA, you’ll have the potential to build more savings for health care expenses or additional retirement savings through self-directed investment options.

Read More about Health Savings Accounts (HSAs)

Limited Purpose Flexible Spending Account (LPFSA)

Only available to participants enrolled in a High Deductible Health Plan (HDHP).

A Limited Purpose Flexible Spending Account (LPFSA) is a pre-tax benefit used to pay for eligible dental, vision care and post-deductible medical expenses. You may use these funds to pay for eligible expenses incurred by you, your spouse and your qualified dependents.

Read More about Limited Purpose Flexible Spending Account (LPFSA)

Dependent Day Care Account

A Dependent Day Care Account is a pre-tax benefit used to pay for eligible day care expenses for qualified dependents in order for you (or your spouse) to work, look for work or attend school full-time.

Read More about Dependent Day Care Account

Parking Account

A Parking Account allows you to pay for eligible work-related expenses with pre-tax dollars.

Note: University of Wisconsin System and UW Hospital & Clinic employees are no longer eligible for a parking account.

Read More about Parking Account

Transit Account

A Transit Account allows you use pre-tax dollars to pay for eligible mass transit expenses related to your commute to and from work.

Note: University of Wisconsin System and UW Hospital & Clinic employees are no longer eligible for a transit account.

Read More about Transit Account
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