Northrop Grumman offers two types of flexible spending account (FSA) options.

You can participate in one, both, or neither of the FSAs.

If you choose to participate, you can contribute up to $5,000 for a full 12-month plan period in each FSA account. FSAs can help you save money on your taxes by allowing you to use pre-tax dollars to pay for eligible expenses.

You must use all the money in your FSA accounts, or you will lose it at the end of the grace period on Sept. 15 following the end of the plan year. Be sure to estimate your contributions carefully.