| Unlock your savings with a Flexible Savings Account (FSA!) Discover how an FSA can help you save on healthcare, dependent care, and commuting expenses—tax-free. Enroll now before November 29, 2024 !Learn More  We’re excited to remind you about a fantastic, once-a-year opportunity to enroll in a Flexible Spending Account (FSA)! Enrollment is open now until November 29th. We encourage you to take advantage of this benefit that can help you save on healthcare, dependent care and commuting expenses. Why Should You Consider an FSA? If you regularly incur costs for prescription medications, doctor visits, or dependent care—such as daycare, summer camps, or before/after school programs—an FSA can significantly reduce your out-of-pocket expenses.By participating in the FSA, you can set aside a portion of your paycheck before taxes are deducted, which can lead to an average savings of 30% on eligible expenses! Here are just a few scenarios where an FSA can make a difference:  Healthcare Costs:Cover medical, dental, and vision expenses tax-free.  Dependent Care: Help manage costs related to childcare or care for elderly dependents.  Commuting Expenses: Save on transit and parking costs associated with your daily commute. Join Us for an Information Session! To learn more about how an FSA can benefit you and to get answers to your questions, we invite you to attend one of our upcoming information sessions: 8 Nov City Hall 12:00 PM – 2:00 PM | Boston City Hall, Room 801 25 Nov Florian Hall12:00 PM – 4:00 PM | Florian Hall, 55 Hallet St., Dorchester These sessions will provide valuable insights into how to maximize your savings and make the most of your FSA. Plus, our experts will be on hand to assist with enrollment and answer any questions. How to Enroll New Enrollees: Fill out the FSA Enrollment Authorization Form and submit it to Cafeteria Plan Advisors via email (info@cpa125.com) by November 29th. Current Participants: If you were enrolled last year, please remember that you need to re-enroll for the upcoming plan year. You can do this online through the CPA portal. Any remaining balance in your Health Care FSA can be spent until March 15, 2025. Not sure what expenses qualify? Check out the FSA Store for eligible items.  Questions? The City of Boston offers eligible employees the opportunity to enroll in an FSA administered by Cafeteria Plan Advisors, Inc. (CPA, Inc.) CPA has dedicated staff available by phone or email Monday through Friday from 8:00 AM to 4:30 PM to assist our employees with anything from balances to logging into your account online. Contact CPA:Website: cpa125.com Phone: 781-848-9848 Email: info@cpa125.com Additional Documents To assist you with your FSA enrollment, we’ve included the following documents: FSA Enrollment Authorization Form: Complete this form to authorize pre-tax payroll deductions for your Flexible Spending Account. Dependent Care Claim Form: Use this form to submit claims for eligible dependent care expenses. Eligible Over-the-Counter (OTC) Expense List: This list includes items you can purchase with your Health Care FSA, such as medications and health supplies, making expense planning easier. Open Enrollment Flyer: This flyer highlights key dates and contribution limits for the open enrollment period, serving as a quick reference for understanding FSA benefits. Health FSA Debit Card Information: Learn how to use your prepaid benefits card for eligible expenses and the importance of keeping itemized receipts. |
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