Welcome to Northrop Grumman - Benefits Online
Welcome to Northrop Grumman - Benefits Online
Welcome to Northrop Grumman - Benefits Online
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Flexible Spending Account (FSA)<br />
Options<br />
Health<br />
Care FSA<br />
Description<br />
– Allows you <strong>to</strong> set aside pre-tax<br />
money <strong>to</strong> pay for eligible health care<br />
expenses (e.g. deductibles,<br />
copays, coinsurance, orthodontics<br />
and some over-the-counter drugs)<br />
– Elections are made on an annual basis<br />
Maximum Annual<br />
Contribution<br />
$5,000<br />
Dependent<br />
Day Care FSA<br />
– You can set aside pre-tax dollars from<br />
your paycheck <strong>to</strong> pay for eligible<br />
dependent day care expenses<br />
– Elections are made on an annual basis<br />
$5,000*<br />
*If you earn $105,000 or more, your annual contribution limit <strong>to</strong> the Dependent Care FSA is $2,500.<br />
You must use all the dollars in your FSA accounts,<br />
or lose them at the end of the grace period (incur expenses by September 15, 2010<br />
and file them by December 31, 2010), so estimate your expenses carefully!<br />
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