Common use of FLEX SPENDING ACCOUNT Clause in Contracts

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. 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- 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 $2,500per IRS guidelines. 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 Board funds expended under Article IX, Section B shall be reimbursed to the Board through a payroll deduction.

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 $2,500per IRS guidelines. 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.