Flexible Spending Account
October 31, 2012 through November 30, 2012
It’s Flex Spending Open Enrollment time again!
A Flexible Spending Account allows you to pay for eligible Health Care and/or Dependent Care (Day Care) expenses with pre-tax dollars. The amount you designate will be deducted from each of your paychecks on a pre-tax basis and put into a Health Care Reimbursement Account and/or a Dependent Care (Day Care) Assistance Account. Since the money you choose to put into the FSA accounts is non taxable, you pay less in Federal and State Income Taxes. Once enrolled, the funds can be used to pay for out-of-pocket medical and/or dependent care expenses incurred during the plan year which are not otherwise reimbursed by the health plans or other sources. The program also offers the ease of a Debit Card which makes your access to FSA funds immediate.
Enroll online ONLY beginning October 31st at www.benstrat.com. No enrollments will be accepted after November 30, 2012. If you have already used the online system, you are currently set up with your username and password.
All new users to the website will need to create a new account by selecting the “New User” link. Review the online enrollment instructions below. You may want to print them to guide you during the enrollment process.
Note also that you can check your balance and review other details about the program on-line. Benefit Strategies also offers an “FSA Drugstore” where you can easily order products that qualify for reimbursement – Quick and Convenient; check it out!