ForYourBenefit Radio Program

Listen live to ForYourBenefit each Monday morning at 10:05 EST on 1500 AM in the Washington DC metro area or online at Or, if you prefer, listen on your own schedule -- all shows are archived and available 24/7.

ForYourBenefit is NITP’s weekly radio show which features information and discussion on topics of interest to the Federal employee, including Federal Benefits, financial and retirement planning, and other issues.

Guests and topics change weekly –In 2015, our guests will help you plan and navigate through retirement issues and concerns.

October 12, 2015
Open Season 2015 with FSAFeds

This week on For Your Benefit, join hosts Bob Leins and Tammy Flanagan as they welcome Bart Turney from FSAFEDS in the studio to discuss flexible spending accounts and why they are good choices to help with health care AND day care expenses.   Topics include:

  • What is FSAFEDS? FSAFEDS is the flexible spending account program for Federal employees – a benefit that can help you and your family save on everyday medical, dental, vision and day care expenses. It’s an account to which you contribute money from your salary BEFORE taxes are withheld, then get reimbursed for your out-of-pocket health care and dependent care expenses It’s a TAX BREAK that’s simple to use and works for all active Federal employees.

  • How do I SAVE MONEY? Your contributions to FSAFEDS are deducted from your salary BEFORE taxes. That’s how you save – you don’t pay taxes on your FSAFEDS contributions and end up with more money in your pocket as a result! The average person will save about 30% each year. That’s like receiving a 30% off coupon. Who can say “No” to that? With that type of savings, a Fed earning $60,000 and contributing $2,000 to an FSAFEDS account will have around $600 more to spend each year.

  • Why should I care? If you pay co-pays, co-insurance, deductibles or buy over-the-counter medicines, or have other medical expenses that your regular insurance doesn’t pay for, or pay for child care and/or adult day care expenses, or have vision and dental expenses – then you are already paying for those expenses and NOT saving any money. But when the FSAFEDS reimbursement arrives – it’s like getting an instant pay raise!

  • What changes are there to the plan? You can contribute from $100 up to $2,550 per year for health care expenses and from $100 up to $5,000 per year day care expenses for 2016. Participants can carryover up to $500 of unused 2016 elections to 2017. Carryover funds can be used for reimbursement of eligible HCFSA or LEX HCFSA expenses incurred in 2017. Carryover funds can also be used for reimbursement of eligible expenses incurred in 2016, until the claims submission deadline of April 30, 2017. You must re-enroll in 2017 to be eligible for carryover.

For questions or comments, email us in advance at or call 202-465-3080 this coming Monday.  Program begins at 10:05 ET and questions are accepted between 10:20 AM and 10:55 AM.

October 19, 2015
Ray Kirk, Ph.D., Federal Benefits Specialist with NITP and the former manager of Benefit Officer’s Training and Development in Retirement Services for the U.S. Office of Personnel Management talks about Phased Retirement.


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