Compensation and Benefits

Flex Enrollment

There are two types of Flex accounts. Both types allow you to set aside monies on a pre-tax basis to pay for reimbursable expenses.

Reimbursable expenses for the "Medical Flex Account" include out of pocket medical, dental, and vision expenses as well as some over the counter medications.

Reimbursable expenses for the "Dependent Day Care Account" include expenses you incur for the care of a qualified dependent. There are special tax laws affecting this type of account.

Enrollment is by telephone and is completed each year approximately during the month of November. Specific enrollment dates will be published each year.

The amounts you choose to set aside are for expenses you incur during the calendar year (January 1st through December 31st). Any dollars not used for expenses are forfeited. This is what is known as the "use it or lose it" provision of Section 125. It is very important to be conservative and accurate in estimating your expenses for the plan year.

You may obtain the forms for filing claims on these accounts at www.afadvantage.com.