It’s a tax break designed to save employees money, but many are scrambling this time of year to spend what they’ve socked away for medical bills. In 2007, the average employee with a flex spending account socked away more than $1,400, according to consulting firm Mercer. But the roughly $60 hit an employee could take in unused flex spending dollars is far less than the hundreds saved on taxes. According to Covington, the LMH benefits manager, for every $100 that is put into a flex spending account about $30 remains in a paycheck that would have otherwise gone toward taxes. Sections Today’s news / Local / State / Sports / A&E / Living / Business / Opinion / Faith / Politics LJWorld. read more

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