Change in Monthly Fee

Beginning September 1, the monthly fee per employee using the Health Flexible Spending Account (FSA) and/or the Dependent Care FSA will change to $4.75 from $4.50. We are continuing our policy of no charges for participants using only the premium account. The minimum monthly charge remains at $25. Because contributions to the flex plan reduce taxable income, a reduction in payroll taxes will offset some or all of the administrative fees.

Full Issue: No. 50 - May 3, 2005

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