A mind might be a terrible thing to waste, but so is an open enrollment.

Yeah, it's that time of year. While employees in conference rooms scattered across the country daydream about the holidays, brokers and enrollers fight to get them to focus long enough to enroll in their benefit plans.

Which probably explains this morning's depressing press release. Consumer-driven giant WageWorks Inc. conducted a survey to kick off this year's enrollment season. And, apparently, 86 percent of respondents harbored at least one misconception about flexible spending accounts. A full 20 percent didn't even grasp the plans' most fundamental – and valuable – benefit: the accounts' tax-exempt status.

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