What happens when you….

find out you need braces or eyeglasses? Do you have dependent care expenses?

Why pay full price? With payroll deductions, you can save up to 1/3 of the cost when you take advantage of the pre-tax Medical or Dependent Care Flexible Spending Account.

Steps you need to take:

· Plan ahead!

· Contact Human Resources to obtain an application and learn more about the benefit and the cycle for establishing these accounts.

· Complete the application with the total annual amount you wish to have deducted on a pre-tax basis within the maximum limit.

· Retain your receipts and original bills for services.

· Submit a claim for reimbursement. The money will be withdrawn from your account and the money will be sent directly to you.

· Detailed information, including enrollment forms and claim forms, are available in the Benefits Office or through Crosby Benefit Systems

Eligibility and Benefit Description (Link to Administrative Handbook, Dean of College, and Union Contract)

Employees working at least 17 ½ hours per week, 9 months per year or more may enroll in a redirection agreement which provides a Federal, State and FICA tax shelter for funds used for eligible dependent care expenses or health related expenses that are not covered by health or dental insurance.

Note: This summary is designed to acquaint you with some of the features of the Wellesley College benefit plans and every attempt has been made to summarize these plans and policies accurately. However, this summary is not designed to serve as your sole reference for the details of these benefits. There is additional information for administrative staff available in the Administrative Handbook, for faculty in the Faculty Handbook on the Dean of the College websiteand for union employees in their collective bargaining agreement , as well as in the Human Resources Office. This summary does not constitute a contract for any benefit; Wellesley College reserves the right to modify or terminate any of its benefit plans.