CVUSD employees have the opportunity to reduce their taxable earnings by participating in a Section 125 Flexible Spending Plan! The Section 125 Flexible Spending Account (FSA) enables employees to save money by paying various expenses on a “pre-tax” basis. “Pre-taxing” serves to reduce reported W-2 earnings, ultimately reducing taxable income. Examples include but are not limited to employee medical benefit contributions, dependent day care, medical co-pays, deductibles, prescriptions, over-the-counter medicines (physician-prescribed), weight loss programs (physician-prescribed), orthodontia, dental and vision care, including LASIK eye surgery.
The FSA program is administered by American Fidelity Assurance. If you are not familiar with the FSA program, or have any questions about it and how it might benefit you, please visit the American Fidelity website at: www.americanfidelity.com