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Here is the new Flexible Benefits Program Sourcebook: flexible benefits sourcebook 2009- 2010. Very Important - Flexible Benefits do not rollover from year to year, you must re-enroll every year.
Employee Benefits: Flexible Benefits information can be found at the following website:
http://www.dhrm.virginia.gov/genlbenefits/flex/flexiblebenefits.html
Dependent Care Reimbursement Account
This pre-tax deduction is for use in paying eligible dependent care expenses. The reimbursements are not subject to Federal, State, and Social Security taxes. An employee is eligible to participate as of the first day of the month following the date of hire. Due to the tax advantages offered by this program, the IRS has strict guidelines for its use. Participation is optional.
More information:http://www.dhrm.virginia.gov/genlbenefits/flex/dependentcare.html
Medical Care Reimbursement Account
This pre-tax deduction is designed for use in paying eligible medical, dental, and vision expenses, which are not covered by health insurance. The reimbursements received are not subject to Federal, State, and Social Security taxes. An employee is eligible to participate in this plan as of the first day of the month following six months of employment. Due to the tax advantages offered by this program, the IRS has strict guidelines for its use. Participation is optional.
More information:http://www.dhrm.virginia.gov/genlbenefits/flex/medicalreimbursement.html
Download a Flexible Benefits enrollment form (PDF) |