Flexible Spending Account
The Town of West Springfield offers most regular employees the opportunity to set aside a limited amount of money each fiscal year on a pre-tax basis to pay for medical expenses not covered by health insurance or for qualified expenses in dependent care. For employees who can anticipate and plan for such expenses annually, this plan allows reimbursement for those expenses from wages, which are not subject to taxation after being set aside through payroll deduction for this purpose. Employees are cautioned to make a realistic assessment of expenses anticipated for reimbursement each each year because pursuant to Federal tax rules, any funds set aside for which there are no expense to qualify for reimbursement may not be refunded to the employee. These monies are lost to the employee and revert to the Town. Contact the Benefits Department at
263-3016 for more details.
FORMS
|