What is TexFlex?
TexFlex is a Flexible Spending Account that lets you pay for planned out-of-pocket health and dependent day care expenses tax-free. It’s the best way to help you budget health and day care expenses. You can choose between a health care account or day care account, or use both. You don’t have to be enrolled in GBP health coverage to use this benefit.
Pay for planned out-of-pocket health expenses tax-free, increasing your take-home pay. You can usually save about 22.65% in taxes, based on a 15% income tax bracket. If you’re in a higher tax bracket, you’ll save even more.
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