Flexible Spending Accounts & Tax$ave Program

IMPORTANT NOTICE

Effective July 1, 2026, the current administrator for your Horizon MyWay Flexible Spending Account (FSA) will be replaced by WEX. Impacted employees include those who are enrolled in the Unreimbursed Medical or Dependent Care Flexible Spending Account for 2026. All existing member accounts, enrollments, claims history and balances will be securely transitioned to the WEX platform.

What you can expect in this transition:

In the process of moving to the new FSA platform, all FSA accounts will be suspended from 12:01 a.m. June 8, 2026, through 11:59 p.m. June 30, 2026, and the current Horizon FSA features on the Horizon Blue app will be unavailable.
From June 8 to June 30, 2026, Horizon will only process claims received prior to June 8.
During this time, new debit cards (if applicable) will be mailed out.
Members will be able to send paper claims to:

Horizon MyWay

PO Box: 2340

Fargo, ND 58108-2340

Note: Claims will be held and processed starting July 1, 2026

Beginning July 1, 2026, new debit cards (if applicable) can be used, new claims can be submitted, and all claims received during the transition will begin to be processed.

Please note that there is no action required on your part for this transition.

The HR benefits team is here to support you during this transition. If you have questions regarding your Horizon MyWay FSA or your benefits, please free to contact us:  

Via email benefits@kean.edu
Via phone - Paige O’Brien (908-737-3302) or benefits team contacts  
In Person: Walk Ins welcome for general questions, appointments recommended for in depth topic reviews

ABOUT TAX$AVE

A benefit program available under Section 125 of the Federal Internal Revenue Code (IRC), Tax$ave offers eligible employees the opportunity to increase available income by reducing federal tax liability. Full-time Kean employees, who are eligible to participate in the State Health Benefit Program (SHBP), may participate in TaxSave regardless of whether they are enrolled in Horizon or Aetna medical plans. Horizon manages the FSA for all State employees.

Tax$ave consists of three components:

1. The Premium Option Plan (POP);

2. The Unreimbursed Medical Flexible Spending Account (FSA); and

3. The Dependent Care Flexible Spending Account (FSA)

Each year eligible employees should review their personal financial circumstances and decide if they wish to participate or not. Open Enrollment offers employees the opportunity to conduct this review and then act on their decision.

PREMIUM OPTION PLAN

The Premium Option Plan (POP) saves employees money by paying health and dental premiums from pre-tax dollars and reducing their tax liability. Enrollment in the POP is automatic for all eligible employees. If an employee does not wish to take advantage of the POP (and therefore pay more in federal, Social Security, and Medicare taxes), he or she should file a Declination of Premium Option Plan (POP) form.

FLEXIBLE SPENDING ACCOUNTS (FSA)

The Unreimbursed Medical and/or Dependent Care Flexible Spending Accounts (FSA) allow employees to set aside money to pay for out-of-pocket medical, dental, and dependent care expenses while saving on taxes because the money contributed to the account is free from federal income, Social Security, and Medicare taxes, and remains tax-free when an employee receives it. Horizon MyWay will administer the Tax$ave Unreimbursed Medical and Dependent Care FSAs for the NJDPB.

Prior participation in a Tax$ave FSA does not carry over automatically into a new calendar year. Employees must enroll with Horizon MyWay during Open Enrollment to participate in an FSA.

Some of the benefits of FSA participation include:

• $2,500 Medical FSA maximum and $5,000 Dependent Care FSA maximum. For the Tax$ave 2026 Plan Year, the maximum annual allowance that can be set aside for an Unreimbursed Medical FSA is $2,500 and the maximum annual allowance that can be set aside for a Dependent Care FSA is $5,000. Employees may save federal income, Medicare, and Social Security taxes on up to $7,500 of combined unreimbursed medical and dependent care expenses. It makes sense to enroll and use a Tax$ave FSA plan when paying for doctor and prescription copayments, health plan deductibles, orthodontics, eyeglasses, Lasik surgery, uncovered dental fees, certain over-the-counter (OTC) items, or dependent care.

• Medical FSA eligibility includes adult children until age 26. Qualified out-of-pocket medical expenses incurred by eligible adult children can be reimbursed through the Unreimbursed Medical FSA. Coverage applies until the end of the year in which a child turns age 26, regardless of the child’s marital or student status.

Grace period extension for eligible expenses and extended claim filing period. Employees enrolled in the Unreimbursed Medical or Dependent Care FSAs in 2026 have until March 15, 2027, to incur eligible expenses for the 2026 Plan Year. In addition to incurring eligible expenses through March 15, 2027, the period that employees enrolled in a Tax$ave FSA have for submitting claims for reimbursement extends to April 30, 2027. While this does not eliminate the “use it or lose it” rule, employees have an extended period to obtain reimbursement for eligible expenses and avoid forfeiting unused funds. Under the Unreimbursed Medical and Dependent Care FSAs, any 2026 contributions that remain unclaimed after the April 30, 2027, extended deadline are forfeited.

Information on Grace Periods for the 2025 Plan Year, please review the 2025 FSA Essential Guide (pg. 2)

• Unreimbursed Medical FSAs feature the Horizon MyWay Visa® Debit Card that draws on the value of the employee’s annual Medical FSA election amount. The Horizon MyWay Visa Debit Card is included free when you sign up for the Unreimbursed Medical FSA during Tax$ave Open Enrollment. Employees can use the Horizon MyWay Visa Debit Card for qualifying expenses, such as covered prescription copayments, health plan deductibles, orthodontics, doctor and emergency room copayments, eyeglasses, Lasik surgery, and uncovered dentist or other provider fees. The Horizon MyWay Visa Debit Card can also be used for certain eligible OTC medical expenses at grocery stores, drugstores, and discount stores that are IIAS (Inventory Information Approval Systems) certified merchants.

ENROLLING IN A FLEXIBLE SPENDING ACCOUNT

Employees have four ways of enrolling in the Tax$ave FSA accounts during the Open Enrollment:

• Online: Employees can enroll in the Unreimbursed Medical and/or Dependent Care FSA plans online here. The deadline for online enrollment is midnight, October 31, 2025.

• Phone: You may call Horizon MyWay at 1-866-999-3531 to enroll over the phone. The deadline for phone enrollment is October 31, 2025.

• Fax: FSA Enrollment Forms may be faxed by the employee to 1-866-231-0214. The deadline for accepting faxed enrollment forms is midnight, October 31, 2025.

• Mail: FSA Enrollment Forms can be mailed by the employee directly to Horizon MyWay, P.O. Box 14836, Lexington, KY 40511. To be accepted, enrollment forms must be postmarked no later than October 31, 2025. Forms postmarked after October 31, 2025, will be returned without action. Employer benefits offices should not be involved in processing or mailing FSA Enrollment Forms.

Special rules for enrolling newly hired employees. A new employee can enroll in the Tax$ave FSA plans when hired but must complete an FSA Enrollment Form within 30 days of the date of hire. There is then a waiting period before Unreimbursed Medical FSA or Dependent Care FSA eligibility.

• There is a 60-day waiting period for Unreimbursed Medical FSA eligibility.

• There is a 30-day waiting period for Dependent Care FSA eligibility.

The FSA effective date will be the first day of the month following eligibility. If the employee misses the 30-day enrollment window, he or she must wait to enroll during the annual Tax$ave Open Enrollment in the fall, generally in October.

10-month State college or university employees with a start date of September 1 are assumed to have had their waiting period begin July 1. Therefore, the effective date for both the Unreimbursed Medical Plan and Dependent Care Program is September 1.

• 10-month State college or university employees with any start date other than September 1 follow the same 30- and 60-day waiting periods as outlined previously for all other employees.

Claiming Reimbursement for Dependent Care FSA:

Visit https://www.horizonblue.com/
Click on Member Sign In
Enter your username and password
Under dashboard, navigate to Horizon MyWay
On the Horizon MyWay page, scroll down to click on "View More Activity"
Flexible Spending Account (FSA) information will be displayed. Navigate to "I Want To..." and click on "Get Reimbursed"
Follow prompts to enter claim information

For more information about the FSA plans, see the NJDPB website at www.nj.gov/treasury/pensions or contact Horizon MyWay Customer Service at 1-888-215-0025. Additionally, you may contact the Office of Human Resources via benefits@kean.edu.