FLEXCOMP
The WPI Flexible Benefit Plan, a flexible spending account approved as a federal tax shelter, allows you to use pre-tax dollars to pay health and dental insurance premiums, uninsured medical, dental and optical expenses, and dependent care expenses.
Eligibility begins on the employees' date of hire; all employees who are employed at least 20 hours per week are eligible to participate in FLEXCOMP. A FLEXCOMP enrollment form must be completed each year prior to July 1st, directing a fixed sum of money into this account by regular payroll deduction.
In addition to health insurance, the FLEXCOMP account may be used to cover eligible benefits for which WPI will reimburse you for expenditures incurred during the coverage period in the following categories:
Medical Care - Any out-of-pocket expenses associated with visits to doctors, dentists, opticians or prescription drug charges or over the counter medicines for a specific injury or illness that are not covered by insurance for you, your spouse, or your dependents (including step-parents and step-children).
Dependent Care - Expenses for the care of a dependent which enables you and your spouse (if married) to be gainfully employed. Such expenses may include direct care for dependent children or dependent parents as well as household services associated with that are. An IRS Form W-10 Dependent Care Provider's Identification and Certification must be filled out and turned in by July 1st to Human Resources if a Dependent Care Account is selected.
For reimbursement of eligible expenses, you need to submit a signed and dated reimbursement form along with copies of receipts (reimbursement forms can be found on Crosby’s website The form will be found under the Participants/Employees tab under forms).
Claims should be submitted by the 15th of the month in order for participants to receive a check by the last day of the month. And claims should be submitted by the last day of the month in order for participants to receive a check by the 15th of the following month. Participants may submit their claims either via fax to +1-617-928-0001 (this will be listed at the bottom of the claim form) or via email to servicecenter@crosbybenefits.com (in order to submit claims via email - participants will need to scan the reimbursement form and receipts into the computer and then send them via a PDF file).
The other option of submitting claims is to send it via US postal service to:
Crosby Benefit Systems, Inc.
P.O. Box 929125
Needham, MA 02492-9125
(this also is listed at the bottom of the reimbursement form).
Any remaining amounts which remain in either of your FLEXCOMP accounts at the end of the fiscal year for which a proper claim has not been submitted will be forfeited and may not be carried over to a subsequent year or be converted to any other benefit per IRS regulation.
See the FLEXCOMP Plan Summary for plan terms and details.
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