Employees who get paid weekly will see their first 2014 FSA deduction on Jan 3, 2014. All other benefits deductions will start with the Jan. 17, 2014 pay date.
MIT recently distributed a required notice (PDF) about key features of the health care reform law that take effect next year. We want you to know that MIT's health benefits meet or exceed all federal requirements for qualified health care coverage, however federal law requires employers to make this information available.
New for 2014: New IRS rules allow you to carry over up to $500 of unused Healthcare FSA funds as of December 31, 2014 into your 2015 account. Learn more about this important change.
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Benefits Summary (PDF)
Review a summary of the Benefits MIT offers.