Open Enrollment – Additional

Workplace Benefits Worth Considering

Open enrollment is almost here, and it is no longer just about choosing next year’s health insurance plan

and retirement savings allocation.

While those things are important – and a

sizable chunk of your total compensation – your employer likely offers other benefits worth considering

These benefits include Flexible Spending Accounts (FSAs),

Dependent Care and Education benefits. With

some planning you may be able to save hundreds of dollars a month in taxes

According to a 2015 Benefits Survey by the Society of Human Resource Management (SHRM)

, many workplace benefits are on the

rise.

Common benefits to consider this open enrollment season:

1.FSAs for medical expenses2.Limited Purpose FSAs3.Transportation Benefits4.Dependent Care Expenses5.Education Assistance

Programs

1. Flexible Spending Accounts for Medical Expenses. You can

save pre-tax dollars for your co-pays and

deductibles. Now $500 can roll each year.

2. Limited Purposes Flexible Spending Accounts. Some

employers offer LPFSAs alongside High

Deductible Health Plans, to save for dental and

orthodontia care.

3. Transportation Benefits. Save pre-tax

for mass transit and parking expenses, up to $130 and $250 per month, just like your

medical FSA.

4. Dependent Care Expenses. You can save

up to $5,000 per year pre-tax for dependent care expenses. This

includes children, adult and elderly care

expenses.

5. Education Assistance. Employers can provide up to $5,250 per year pre-tax in tuition and

education related expenses. Thinking

about classes next year? Your employer may help.

These are just a few of the bigger programs

that can provide additional relief to your budget. Some you may be able to elect outside

of open enrollment.

Employers offer an increasing range of benefits. Do some research this open

enrollment period. You may find even more ways to save, as well as a new education opportunity

Thank You!