FLEX SPENDING ACCOUNT. 1. Employees may participate in the flexible spending account using their own funds through payroll deduction.
2. Employees may add funds, allowed by IRS rules, to the account, by payroll deduction. Those funds will be considered an IRS shelter. Funds must be used by December 30th annually with the unexpended funds being returned to the general fund.
3. Employees may use these funds towards dependent care and unreimbursed medical expenses. Employee payroll contributions for medical and dental insurance premiums may also be paid with pre- taxed dollars.
4. The minimum annual contribution to the medical spending account shall be $120.
5. The maximum annual contribution to the medical spending account shall be $2,500.
6. Employee may put additional funds up to IRS limits into the dependent care account and health care premium plans.
7. The $10.00 yearly enrollment fee and the $3.00 monthly processing charge will be paid by the Board.
8. In addition, any board funds expended under Article IX, Section B shall be reimbursed to the Board through a payroll deduction.
FLEX SPENDING ACCOUNT. The Hospital shall make available to eligible House Officers, at no cost to the Hospital, a Flexible Spending Account not to exceed $5,000 per House Officer for child and dependent daycare and not to exceed the Internal Revenue Service limit at the time of election for eligible out-of pocket medical expenses. The account will be administered by the Hospital in accordance with Internal Revenue Code and implementing regulations.
FLEX SPENDING ACCOUNT. The City will continue to provide the Flex Spending Accounts through which the Employee may utilize a debit card or submit receipts for office visit co-payments, lab work, diagnostic testing, and
FLEX SPENDING ACCOUNT. The Town will sponsor a flexible benefit plan pursuant to Section 125 of the Internal Revenue Service (IRS) Code which will allow eligible full-time unit employees the option of contributing pre-tax wages to the plan for the purpose of paying the employees portion of any health insurance and reimbursing the employee for certain qualified health related expenses that are incurred by the employee and dependent family members that are not covered by the health insurance plan. The plan will also allow eligible employees the option to contribute pre-tax wages to the plan for the purpose of reimbursing the employee for dependent care assistance. Maximum coverage shall be set by the IRS.
FLEX SPENDING ACCOUNT. The Flex Spending Account allows certain expenses to be reimbursed tax-free. Expenses which can be reimbursed include healthcare expenses (not covered by a medical plan) and dependent care expenses. The employee decides the amount to place in this account. Then, during the year, the employee is reimbursed for these eligible expenses from this account. Under federal law, several requirements apply to the Flex Spending Accounts, and the Company shall comply with these requirements.
FLEX SPENDING ACCOUNT. Employees will be eligible to participate in the Employer’s Flex Spending Account program.
FLEX SPENDING ACCOUNT. 1. All employees shall be offered the option of participating in a Flex Spending Account to be administered by a third party.
FLEX SPENDING ACCOUNT. Effective January 1, 2015, the Health Spending Account will be discontinued and replaced with a Flex Spending Account (see Letter of Understanding for details).
(a) Full-time Employees with a FTE of one point zero (1.0) shall receive a Health Spending Account of seven hundred dollars ($700.00). Part-time Employees shall receive a Flex Spending Account prorated to their FTE.
(b) The date used to determine status and FTE for the calculation of the Flex Spending Account is November 1st of the preceding year.
(c) There must be active employment in a Regular FTE of zero point four (0.40) or greater on November 1st of the year preceding the benefit year to receive the Flex Spending Account as described in 21.02.
(d) Employees who commence employment with the Employer outside of this period must wait until the next benefit year to receive the Flex Spending Account.
(e) The Flex Spending Account is administered by the benefits provider and the rules and regulations are set forth by the administrator of the Plan.
FLEX SPENDING ACCOUNT. Staff members represented by XXX who do not choose to participate in the Xxxxx County Schools Health Benefit plan or accept payment under Article XXI, Section 21.12 shall be eligible to place in a flex spending account an amount not to exceed Two Thousand Five Hundred Dollars ($2,500).
FLEX SPENDING ACCOUNT. Staff members represented by XXX who do not choose to participate in the Xxxxx County Schools Health Benefit plan or accept payment under Article XX, Section
