Flexible Spending Plan

 

The Town offers pre-tax Flexible Spending Plans through Cafeteria Plan Advisors, Inc. These plans are authorized by the Internal Revenue Service and comply with your regulations, which allow you to deduct, on a calendar year basis:

 

  • Healthcare FSA – up to $2,700 for medical expenses not covered by health or dental insurance
  • Dependent Care FSA – up to $5,000 for dependent care.

 

Per the IRS, any funds that you have deducted and do not use by the end of the calendar year are forfeited, so it is important that you plan carefully. For the Medical plan, a maximum of $500 may be carried over into the next year.

 

If you join the Dependent Care plan, an administration fee of $4.75 per month charged by Cafeteria Plan Advisors will be deducted from your pay check. For calendar year 2020 enrollment in the Healthcare FSA, the administration fee will be waived.

 

Enrollment forms are available from the Town Human Resources Office (617-993-2740). More information can be found at the Town HR Benefits webpage.