FLEX SPENDING ACCOUNT Sample Clauses
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 prescriptions. In addition, the Employee may increase the funds in the Flex Spending account by making additional contributions through payroll deductions and by allocating accrued sick days as allowed by the collective bargaining agreement.
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. 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. Staff members represented by ▇▇▇ who do not choose to participate in the ▇▇▇▇▇ County Schools Health Benefit plan or accept payment under Article XX, Section
FLEX SPENDING ACCOUNT. The School Board supports the creation of a flex spending account. However, the plan is subject to the minimum number of participants required by the company administering the account.
FLEX SPENDING ACCOUNT. Staff members represented by ▇▇▇ who do not choose to participate in the ▇▇▇▇▇ 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. 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.