Tax$ave is a benefit program that allows eligible employees of the State of New Jersey to set aside before-tax dollars to pay for certain eligible expenses.<\/p>\n
Eligible employees are able to set aside before-tax dollars to pay for certain medical, dental, and dependent care expenses.<\/p>\n
Medical Flex Spending<\/strong> Dependent Flex Spending<\/strong> You must re-enroll in a Flexible Spending Account (FSA) each plan year to participate, plans do not renew automatically<\/strong>.<\/em><\/p>\n Tax$ave is only available to eligible State Employees. An eligible employee is any full-time employee of the State or a State college or university who is eligible to participate in the State Health Benefits Program.<\/p>\n Flexible Spending Account Reference Guide<\/a><\/p>\n <\/a>Tax$ave Essential Guide<\/a><\/p>\n New employees may enroll during their initial enrollment period when hired. All other eligible employees must enroll during Open Enrollment.<\/p>\n Employees may enroll directly with Horizon in one of these ways:<\/p>\n At the beginning of the plan year, you elect a dollar amount to contribute to your account. This election can only be changed if you experience a life change that qualifies as an Election Change Event.<\/p>\n After experiencing an Election Change Event, you have 30 days from the date of the event to contact your employer and change your election amount.<\/p>\n There are two restrictions to changes made as a result of an Election Change Event:<\/strong><\/p>\n To request a change in your election, download the\u00a0Qualifying Event Notification Form<\/a>. Fill out the form and send it to HorizonMyWay.<\/p>\n<\/div><\/div>\n Any employees that participate in the NJ Direct HDHigh\/HDLow or Aetna Freedom HDHigh\/HDLow are eligible to enroll in a Health Savings Account. Health Savings Accounts allow employees to set money aside on a pre-tax basis to pay for qualified medical expenses.<\/span><\/p>\n The State of New Jersey SHBP plan will automatically contribute $300 each year when enrolled in the NJ Direct HDLow.<\/span><\/p>\n The Commuter Tax Save program is divided into two components: mass transit and commuter parking. The plan allows employees to set aside pretax dollars for eligible mass transit and commuter parking expenses. The pretax dollars are not subject to Federal Income, Social Security and Medicare taxes, thereby saving you money.<\/p>\n For 2026, the program allows participants to elect up to $340.00 per month for mass transit expenses and\/or up to $340.00 per month for commuter parking expenses. The minimum deduction amount is $15.00 per month for each plan.<\/p>\n Whether you take public transportation, drive, or use a park and ride, the program offers several options that may meet your needs.<\/p>\n Commuter Tax$ave benefit is administered by Edenred Commuter Benefit Solutions.<\/p>\n For additional questions contact the Customer Service department at 1-866-512-8769.<\/p>\n<\/div><\/div>\n View our frequently asked questions<\/a> or contact the HR Support Center at askHR@montclair.edu<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Tax$ave is a benefit program that allows eligible employees of the State of New Jersey to set aside before-tax dollars to pay for certain eligible expenses. Questions? View our frequently asked questions or contact the HR Support Center at askHR@montclair.edu.<\/p>\n","protected":false},"author":381,"featured_media":3391,"parent":204,"menu_order":20,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-7721","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/7721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/users\/381"}],"replies":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=7721"}],"version-history":[{"count":20,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/7721\/revisions"}],"predecessor-version":[{"id":9727,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/7721\/revisions\/9727"}],"up":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/media\/3391"}],"wp:attachment":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=7721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n$2,500 per year max<\/p>\n
\n$5,000 per year max<\/p>\nTax$ave Plans Eligibility<\/h3>\n
How to Enroll in Tax$ave Plans<\/h3>\n
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Tax$ave Plan Eligibility<\/strong><\/h3>\n
The 2026 Annual Maximums are as follow:<\/strong><\/h3>\n
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How to Enroll in a HSA<\/strong><\/h3>\n
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Overview<\/h3>\n
How Does it Work<\/h3>\n
Available Options<\/h3>\n
Public Transportation<\/h4>\n
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Parking<\/h4>\n
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Vanpool\/Rideshare<\/h4>\n
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What is Covered Under the Plan<\/h3>\n
Mass Transit Riders<\/h4>\n
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Commuter Parking<\/h4>\n
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How to Enroll<\/h3>\n
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Questions?<\/h2>\n