The deadline to enroll in the Island Flex Flexible Spending Accounts program has been extended for the second time to Friday, May 21, 2010. The Island Flex Flexible Spending Accounts program allows employees to pay for eligible out-of-pocket medical, dental, drug and vision expenses, as well as dependent care expenses (i.e., pre-school tuition and adult day care expenses), with before-tax dollars. Employees do not pay federal, state or social security taxes on those monies, which mean employees save money on medical and/or dependent care expenses.
The enrollment form must be submitted to Comprehensive Financial Planning, Inc. and be postmarked by Friday, May 21, 2010. Employees currently participating in Island Flex will need to re-enroll during this open enrollment period for participation in the plan year July 1, 2010 through June 30, 2011.
Enrollment packets may be downloaded at http://www.compfinplan.com/.
Should you have any questions regarding the Island Flex program, please contact Comprehensive Financial Planning, Inc. at 596-7006 or visit the website at http://www.compfinplan.com/. Neighbor Island employees may call toll free 1 (877) 550-5552.
