You can save money by utilizing the Health Care and/or Dependent
Care Flexible Spending Account (FSA). This IRS-authorized benefit
allows you to pay for health care and/or dependent care expenses
during the plan year- For example, January 1, 2010 – December 31,
2010. Be conservative. The law requires that you forfeit any
amounts remaining in your account after all eligible expenses have
been reimbursed. You will have until March 31, 2011, to submit
claims for expenses incurred during calendar year 2010. This
is a calendar year plan and you can only enroll in the plan during
open enrollment or as a newly hired employee.
For more information, please call (718) 990-2363.