Common use of EMPLOYEE FLEXIBLE SPENDING/REIMBURSEMENT ACCOUNT Clause in Contracts

EMPLOYEE FLEXIBLE SPENDING/REIMBURSEMENT ACCOUNT. Employee Flexible Spending/Reimbursement Accounts may be established effective the first day of the month following the date of hire, subject to open enrollment periods. A faculty member may utilize the Employee Flexible Spending/Reimbursement Account to pay a portion of his/her out-of- pocket uninsured Health Care and Dependent Care expenses with pre-tax dollars. The Flexible Spending Accounts are administered in accordance with applicable IRS regulations and restrictions and the annual minimum and maximum dollar contributions for allowable expenses will be consistent with the limits established by the IRS.

EMPLOYEE FLEXIBLE SPENDING/REIMBURSEMENT ACCOUNT. ‌ Employee Flexible Spending/Reimbursement Accounts may be established effective the first day of the month following the date of hire, subject to open enrollment periods. A faculty member may utilize the Employee Flexible Spending/Reimbursement Account to pay a portion of his/her out-of- pocket uninsured Health Care and Dependent Care expenses with pre-tax dollars. The Flexible Spending Accounts are administered in accordance with applicable IRS regulations and restrictions and the annual minimum and maximum dollar contributions for allowable expenses will be consistent with the limits established by the IRS.