FlexCash Plan and
Tax Advantage Premium Plan (TAPP)
The CSU offers two plans that help employees manage their benefit
needs and save valuable tax dollars. If an employee has medical
and/or dental coverage not offered by the CSU, the FlexCash Plan
pays cash in lieu of CSU coverage, allowing the employee to receive
only the coverage needed. If an employee elects health coverage
through the CSU, the Tax Advantage Premium Plan (TAPP) allows
for the payment of health insurance premiums on a pre-tax basis,
reducing federal, state and FICA taxes.
If an employee chooses to participate in FlexCash, the following
monthly after-tax payments are made to the employee:
| Benefit Waived |
Payment
|
| Medical and Dental |
$140
|
| Medical Only |
$128
|
| Dental Only |
$ 12
|
The CSU may change these amounts in the future, subject to collective
bargaining.
Please refer to the FlexCash
Plan and Tax Advantage Premium Plan Brochure for further information.
