Take advantage of the opportunity to sign up for a Flexible Spending Account (FSA), now through November 19th! SAVE EVEN MORE! The annual administrative fee of $48 per year to be paid by the City for 2022 and beyond! Do you spend money regularly on prescription drugs or to see a doctor? Do you wear contact lenses or glasses? Would it be helpful to have the money upfront to cover your medical and dental expenses? Do you have a child in daycare, summer camp, or before or after-school programs? Do you commute to work and pay for parking? If the answer is yes to any of these questions, you may be able to save money by enrolling in a Flexible Spending Account.

What is a Flexible Spending Account (FSA)?
Flexible Spending Account plans are a tremendous opportunity for you to enhance your benefits package. The City is excited to offer these highly beneficial programs and wants employees to have the opportunity to participate in an IRS Section 125/Flexible Spending Account Plan administered by Cafeteria Plan Advisors, Inc. (CPA, Inc.) Most employees pay for expenses such as dependent care, medical/dental care, etc. on an after-tax basis. Flexible Spending programs allow you to set aside a portion of your paycheck tax-free to pay for those expenses. The result is a reduction in your taxable income, which will give you an increase in your take-home pay. Don’t miss out on this opportunity to save an average of 30% in taxes.

How do I enroll?
You can enroll during the open enrollment period, which ends on Friday, November 19th. If you participated last year, you must re-enroll as the current year’s elections do not carry over to the next year. Current participants can renew online, and new enrollees can complete the attached enrollment form and submit it to CPA, Inc. via fax: 781-848-8477 or mail: CPA, Inc., 420 Washington St, Suite 100, Braintree, MA 02184.

Please note that if you participated in an FSA last year, you have an additional 75 days (until March 15, 2022) to spend any money that may be left in your Health Care Flexible Spending Account as of December 31, 2021. Not sure how to spend this money? Check out the FSA Store.

Want to learn more?
Please see the attached flyer for more information. If you still have questions, please call CPA, Inc. at 781-848-9848, or attend an info session. Details about the virtual meetings can be found below: Thursday, October 28 at 10:30 am Wednesday, November 10 at 12:30 pm Wednesday, November 17 at 4:30 pm To join a meeting, go to https://zoom.us, select JOIN A MEETING, enter meeting ID 825 2250 9740, and password FSA2021Attachments2022 FSA Flyer2022 FSA Enrollment FormHealth Care FSA Eligible ExpensesOTC Eligible ExpensesFSA Store $10 Coupon