Flexible Spending Account enrollment extended for additional week

Although open season has ended, the Postal Service is giving employees extra time to enroll in flexible spending accounts (FSAs). The new deadline is Dec. 21.

FSAs allow users to set aside money pretax to pay for health and dependent care expenses.

For 2016, the maximum amount that employees can contribute to FSAs has increased to $2,550, as allowed under IRS regulations.

“Flexible spending accounts are such a valuable benefit we want to make sure our employees don’t miss the opportunity to participate,” said Benefits and Wellness Manager Erica Hayton. “We wanted to give our employees another week to enroll and potentially save money on their current health-associated costs.”

A recent video featuring Chief Human Resources Officer Jeffrey Williamson further explains FSA benefits.

More information is available on the LiteBlue open season site.

Source: Flexible deadline | USPS News Link