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How
the Program Works
The
Flexible Benefits Program allows you to use your annual base
salary to your best advantage. It offers the following components:
- Automatic
Before-tax Health, Dental, and Accident Insurance Contributions.
If you participate in the Boston
University Health Plan, the Boston
University Dental Health Plan or coverage under the
Personal and
Family Accident Plan, you will automatically pay your
insurance premiums with before-tax dollars. The Flexible
Benefits Program does not change the eligibility, benefits
or other features of those plans. It does offer, however,
a way to pay the required employee premiums on a before-tax
basis.
- Dependent
Care Reimbursement Account. This voluntary reimbursement
account is designed to help you pay for the cost of care
for your eligible dependents.
- Health
Care Reimbursement Account. This voluntary reimbursement
account is designed to help you pay for the cost of health
care expenses not covered by the group insurance plans.
Under
current tax laws, contributions to the Flexible Benefits Program
are free from federal income taxes, state income taxes, and
Social Security taxes.
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