Flexible Spending Accounts & Voluntary Benefits

Flexible Spending Accounts (FSAs)

Newly hired full-time employees may enroll in the County’s Flexible Spending Account (FSA) program. FSAs allow you to put dollars aside in a health care, dependent care, or parking & transit reimbursement account on a pre-tax basis. Eligible expenses are reimbursed to you when you file a claim – or they can be deducted immediately from your FSA account using a pre-loaded Convenience Card. FSAs are beneficial because they reduce your taxable income and increase your take home pay. It should be noted Health Care and Dependent Care FSA accounts require re-enrollment each year. And, according to the IRS’s “use it or lose it” rule, any balances in excess of $660.00 not used during the plan year are forfeited (Up to $660.00 of unused balance will be carried over to the following plan year). Leading Edge Insurance and Consulting Services, is the local broker for our Colonial and FSA plans. Ameriflex will administer your FSA and contact information will be listed below..

Individual Voluntary Insurance

Our voluntary benefits carrier, Colonial Life Insurance Company, offers an opportunity to newly hired full-time employees to purchase an individual Short Term Disability and/or Universal Life policy without the concern of being turned down due to pre-existing medical conditions. This special underwriting concession includes:

• Short Term Disability, guaranteed at 60% of your pay up to a maximum of $4,000 per month.
• Guaranteed Issue (GI) is available on the following products up to certain amounts:

• • Individual Accident
  • Individual Short-Term Disability
  • Individual Whole Life

Colonial Life also offers policies for Term Life, Accident, Cancer, and Critical Illness insurance. Coverage details for each product are included on the links below. Policy premiums are paid by payroll deduction on an after-tax basis.

To learn more, please click on the digital postcard below:
https://flimp.live/StarkCounty