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Space Systems Division Benefits
Flexible Spending Account Plan (FSA)
These are some of the highlights:
 The FSA affords you the opportunity to use tax-free dollars to pay for many health care and dependent care expenses.
You may be able to contribute up to $5,000 in each account each plan year.
These accounts are not interchangeable.
The Health Care Spending Account lets you use money you have set aside to pay for health care expenses for you and your eligible dependents that aren't paid for by other health plans.
The Dependent Care Spending Account lets you use money you have set aside to reimburse yourself for eligible dependent care expenses that are necessary in order for you to work and, if you are married, for your spouse either to work or be a full-time student, or if your spouse is totally disabled.
Allowable expenses are defined by IRS regulations and, if you do not use the money you have set aside for charges incurred in the plan year, you lose it. You must plan carefully. (For example, you must use money set aside in 2006 for charges incurred from January 1, 2006 - March 15, 2007.)
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