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Pre-Tax Expense Accounts: Use It or Lose It

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September 6, 2011, Volume 58, No. 02

Still have money in your Health Care or Dependent Care Pre-Tax Expense Account? Remember to “use it or lose it.”

You have until September 15 to incur eligible expenses for the 2010–2011 plan year, and all claims must be submitted by September 30. If you don’t use the full balance in your account each plan year, you lose that unused money.

For more details on the Pre-Tax Expense Accounts, including listings of eligible expenses and instructions on how to file a claim, visit the Human Resources website at www.hr.upenn.edu/Benefits/PreTax/Default.aspxor call the Penn Benefits Center at 1-888-PENNBEN (1-888-736-6236), Monday through Friday, 8 a.m.–6 p.m.

Almanac - September 6, 2011, Volume 58, No. 02