Flex Benefits

FOX & FOX administers a number of pre-tax spending account programs for clients nationwide. An overview of our Flexible Benefit Programs is as follows:

Medical Reimbursement Account

The Medical Reimbursement Account (MRA) allows participants to set aside pre-tax dollars to pay for expenses such as co-pays, co-insurance, deductibles, most prescriptions, over-the-counter medications (as long as they are treating a medical condition) and many other expenses.

Expenses for your tax dependents qualify for the program, even if they are not covered under your employer's insurance program.

Dependent Care Spending Account

The Dependent Care Spending Account (DCAP) allows individuals to set aside pre-tax dollars to pay for out-of-pocket child care expenses for children under the age of 13. Additionally, if you have an older dependent who lives with you at least 8 hours each day and requires assistance with day-to-day living, you can claim these expenses through your dependent care spending account.

Pre-Tax Commuter Benefit Program

The Pre-Tax Commuter Benefit Program allows you to set aside pre-tax dollars to pay for out-of-pocket expenses for parking or mass transit/van pooling expenses incurred so that you can go to work.

Limited Purpose Flexible Spending Account

The Limited Purpose FSA works the same way a standard FSA does: pre-tax, "use it or lose it" elections, and expenses must occur within the plan year. The difference is that it limits what expenses are eligible for reimbursement. In a Limited Purpose FSA you can only submit claims for eligible vision and dental expenses