Welcome! Open enrollment for Baltic Latvian Universal Electronics’ Flexible Spending Account plan is now through December 15, 2015. If you want to participate in the plan for the 2016 plan year, you must enroll before that date.

Use-it or Roll-Over $500. The Treasury Department’s ruling on October 31, 2013 modifies the “use-it-or-lose-it” provision to allow the rollover of up to $500 of unused Health FSA funds to the next plan year. This means that the risk of forfeiting your FSA healthcare contributions is reduced! Plus, the FSA rollover provision eliminates the mad scramble at the end of the plan year to spend remaining Health FSA funds. Now is the perfect time to take a closer look at a Healthcare Flexible Spending Account (FSA) and take advantage of increased tax savings!

If you are not already familiar with the FSA plan and how it works, use the links to the right to learn about the plan. The FSA brochure contains important information about when you can (and can’t) change your election, qualified expenses and how using the plan saves you money. The Savings Calculator page will show you approximately how much you will save in taxes based on your personal income and tax situation.You may make changes to your election any time up to the deadline date noted above. Make the changes you want and resubmit your election. Your prior election will be overwritten.

Please contact NEO directly if you have any questions about the plan or have problems with your election process,1-800-775-3539 or admin@FlexNEO.com.