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The Medical Spending Conversion (MSC) Health Benefits Buy-Out Waiver Program allows eligible employees who can obtain non-City group health benefits to waive their New York City health benefits in return for an annual cash incentive payment, up to $3,000 for Plan Year 2016 and up to $1,000 for Plan Year 2017.
For questions about the MSC Buy-Out Waiver Program, please call: (212) 306-7507.
By enrolling in the Dependent Care Assistance Program (DeCAP), City employees are able to pay for eligible dependent care expenses on a pre-tax basis, with deductions taken directly from paychecks. These deductions reduce an employee's gross income on his/her Form W-2 for federal and Social Security tax purposes.
DeCAP is a way to pay for expenses to care for your child(ren) or other dependents, with before-tax dollars, while you and your spouse work or attend school full-time.
The Health Care Flexible Spending Account (HCFSA) Program allows City employees to pay for eligible out-of-pocket health care expenses on a pre-tax basis, with deductions taken directly from salary.
HCFSA is a way to pay for eligible medical expenses (not covered by insurance) or dental, vision and hearing (not covered by the Welfare Fund) with before-tax dollars..
The goal amount indicated in this video is effective for Plan year 2018.