Common use of Flexible Benefits Insurance Program Clause in Contracts

Flexible Benefits Insurance Program. Effective January 1, 1990, a flexible benefits insurance program shall be offered to employees, along with flexible spending accounts established under Section 125 of the IRS Code. During Open Enrollment, employees will select their benefits and type of coverage. Individual employee costs shall be established in Appendix B. Each benefit option will have a “price tag” or cost to an employee if that particular benefit is selected. All employee contributions will be on a pre-tax basis. This means that federal and state income taxes and FICA tax will not be withheld on employee contributions nor will these contributions be included in an employee’s gross wages are reported on W-2 form. Employee contributions will be included in annual salary for retirement and life insurance purposes. An employee may make employee contributions to a Dependent Care Spending Account provided the employee meets requirements prescribed by federal regulations. Benefit credits may also be deposited into this account. The account may be used, during the plan year for which the contributions were made, for tax-free reimbursement of qualifying expenses for the care of dependents to enable the employee to work. Any amounts remaining in the account at the end of the plan year will be forfeited. An employee may make employee contributions to a Health Care Spending Account for tax-free reimbursement of qualifying health-related expenses incurred during the plan year for which the contributions were made and not paid by insurance. Benefit credits may also be deposited into this account. Any amounts remaining in the account at the end of the plan year will be forfeited. The Board shall make qualified reimbursements from flexible spending accounts on a monthly basis. For computation of the Board contribution shall be as follows: Health/Dental Care - prorated based on regularly scheduled work hours. Vision Plan - More than .5 FTE at no cost.

Flexible Benefits Insurance Program. Effective January 1, 1990, a flexible benefits insurance program shall be offered to employees, along with flexible spending accounts established under Section 125 of the IRS Code. During Open Enrollment, employees will select their benefits and type of coverage. Individual employee costs shall be established in Appendix B. Each benefit option will have a “price tag” or cost to an employee if that particular benefit is selected. All employee contributions will be on a pre-tax basis. This means that federal and state income taxes and FICA tax will not be withheld on employee contributions nor will these contributions be included in an employee’s gross wages are reported on W-2 form. Employee contributions will be included in annual salary for retirement and life insurance purposes. An employee may make employee contributions to a Dependent Care Spending Account provided the employee meets requirements prescribed by federal regulations. Benefit credits may also be deposited into this account. The account may be used, during the plan year for which the contributions were made, for tax-free reimbursement of qualifying expenses for the care of dependents to enable the employee to work. Any amounts remaining in the account at the end of the plan year will be forfeited. An employee may make employee contributions to a Health Care Spending Account for tax-free reimbursement of qualifying health-related expenses incurred during the plan year for which the contributions were made and not paid by insurance. Benefit credits may also be deposited into this account. Any amounts remaining in the account at the end of the plan year will be forfeited. The Board shall make qualified reimbursements from flexible spending accounts on a monthly basis. For computation of the Board contribution shall be as follows: Health/Dental Care - prorated based on regularly scheduled work hours. Vision Plan - More than .5 FTE at no cost.than

Flexible Benefits Insurance Program. Effective January 1, 1990, a A flexible benefits insurance program shall be offered to employeesnurses, along with flexible spending accounts established under Section 125 of the IRS Code. During Open Enrollment, employees Each spring nurses will select their elect benefits and type of coverage, according to their particular need. Individual employee costs shall be established in Appendix B. Each benefit option will have a “price tag” or cost to an employee the nurse if that particular benefit is selected. All employee nurse contributions will be on a pre-tax basis. This means that federal and state income taxes and FICA tax will not be withheld on employee nurse contributions nor will these contributions be included in an employeea nurse’s gross wages are as reported on W-2 form. Employee Nurse contributions will be included in annual salary for retirement and life insurance purposes. An employee A nurse may make employee contributions to a Dependent Care Spending Account provided the employee nurse meets requirements prescribed by federal regulations. Benefit credits may also be deposited into this account. The account may be used, during the plan year for which the contributions were made, for tax-free reimbursement of qualifying expenses for the care of dependents to enable the employee nurse to work. Any amounts remaining in the account at the end of the plan year will be forfeited. An employee A nurse may make employee contributions to a Health Care Spending Account for tax-free reimbursement of qualifying health-related expenses incurred during the plan year for which the contributions were made and not paid by insurance. Benefit credits may also be deposited into this account. Any amounts remaining in the account at the end of the plan year will be forfeited. The Board shall make qualified reimbursements from flexible spending accounts on a semi-monthly basis. For computation A nurse who has other qualifying health coverage and chooses not to select a health care plan shall receive a two hundred dollar ($200) contribution to either the Dependent Care Spending Account or the Health Care Spending Account at the beginning of the Board each plan year.* The Board’s contribution shall be as follows: Healthfor health/Dental Care - shall be prorated for nurses working 0.5 FTE or more based on upon regularly scheduled work hours. Nurses working 0.5 FTE or more shall be eligible for Vision Plan - More than .5 FTE Care at no cost. Nurses working less than 0.5 FTE are eligible for participation in the Board’s group Health/Dental and Vision programs, but will be billed for each program’s full premium expenses.