Flexible Spending Accounts
The Town offers a pre-tax Flexible Spending Plan through Crosby Benefit Systems, Inc. This plan is authorized by the Internal Revenue Service and complies with their regulations which allow you to deduct, on a calendar year basis, up to $2,000 for medical expenses not covered by health or dental insurance or $5,000 for dependent care. Per the IRS, any funds that you have deducted and do not use by the end of the calendar year are forfeited so it is important that you plan carefully. Effective January 1, 2011, over-the-counter medicines and drugs can only be reimbursed if prescribed by a physician. This change does not apply to medical supplies such as insulin even if purchased without a prescription, or other health care expenses such as medical devices, eye glasses, contact lenses, bandages, co-pays and deductibles.
For those not currently enrolled who wish to join, you may contact the Human Resources Department for forms during the open enrollment period or may join/re-enroll on line at: http://www.crosbybenefits.com/
If you join online, please make a copy of your application and send one to Human Resources, Town Hall, 455 Concord Ave., MA 02478. This will ensure that your deductions are processed through payroll as of January.
Please contact Carole Pessotti at 617-993-2740 for any additional information.
Note: Crosby’s monthly administrative charge is $6.25 to join this plan.