Under our 125 Flexible Spending Account, employees can elect to pay for certain medical and dependent care expenses with before (pre) tax dollars. This can save you taxes on expenses that would otherwise not be available.
Be prepared to substantiate any of your expenses as this is a requirement of the IRS rules. Be sure to get receipts for your services, if possible at the time of visit, so that your claim reimbursements are not put on hold. A cash regiister receipt is not acceptable. Click on the "Receipt and Substantiation form" listed below for detailed information.
Enrollment for this plan occurs annually at Open Enrollment, scheduled in April. Your election amount is for a full twelve months. Plan year is July1, through June 30th.
View video for additional information on Flex 125: