Northwestern Vision Correction Associates
Friday, October 5, 2007
Flex Spending
It’s nearing the end of the year, and employee benefits enrollment season is almost here. If your employer offers it, now is the time to start thinking about Flex Spending. Flex Spending is money taken out of your paycheck before taxes and set aside in a fund specifically designated for medical expenses. Generally, you can use this money for any such expenses, even elective procedures like LASIK. Typically the fund goes into effect after the turn of the year and does not roll over year to year, so timing is everything. For example, sometimes a patient with leftover Flex dollars at the end of the year will get LASIK in one eye in December and the other in January, after the next year’s Flex Spending account becomes available. Ask your human resources department for more information about how Flex Spending works at your company.
posted by admin at 2:14 PM
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