Flexfund

Flexfund allows full-time employees to set up accounts for nonreimbursable medical expenses and child/elder care. The amount you elect to set aside for the year is deducted from your gross, pre-tax pay each pay period. After you pay for an uncovered medical expense (for yourself or family) or child/elder-care expense, you submit a receipt and are directly reimbursed.

Warning
The money you set aside must be used before the end of the calendar year-any unused money will be forfeited.