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Custom Benefits SolutionsPreferred Flex. R.S. SECTION 125 FLEXIBLE BENEFIT PLANSFeatures: Health FSA, Dependent Day Care & Premium Expense Accounts PO Box 15136, Albany, NY 122125136 8669898995 f

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What is preferred flex?

Preferred flex refers to a type of flexible spending account (FSA) that allows employees to set aside pre-tax dollars for qualified medical expenses and dependent care expenses.

Who is required to file preferred flex?

Employees who wish to participate in a preferred flex plan must enroll during open enrollment or when experiencing a qualifying life event.

How to fill out preferred flex?

Employees can fill out a preferred flex enrollment form provided by their employer, selecting the desired contribution amount for the year.

What is the purpose of preferred flex?

The purpose of preferred flex is to help employees save money on taxes by setting aside pre-tax dollars for eligible expenses.

What information must be reported on preferred flex?

Employees must report their selected contribution amount, eligible expenses incurred, and any reimbursements received from the preferred flex account.

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