The flexible spending account plan, also referred to as SelectAccount, is administered by MII Life. It is available to all full-time employees.
The plan allows employees to pay for medical and dependent care expenses with pre-tax dollars. You benefit by paying less in federal, state, and FICA taxes, which in turn gives you more disposable income. Careful planning is important though, because any money you have withheld that isnít used by the end of the plan year is lost.
Company website: www.selectaccount.com