Common use of Flexible Benefits Clause in Contracts

Flexible Benefits. ‌ Individuals are able to designate an amount of pre-tax compensation to a flexible spending account. The amount, which will be limited by IRS guidelines, may be used for IRS approved dependent care expenses and non-reimbursed medical, dental and vision care expenses. Monies designated to these accounts, but not used during the year, cannot be returned to the individual.

Flexible Benefits. ‌ i. Individuals are able to designate an amount of pre-tax compensation to a flexible spending account. The amount, which will be limited by IRS guidelines, may be used for IRS approved dependent care expenses and non-reimbursed medical, dental and vision care expenses. ii. Monies designated to these accountsthis account, but not used during the year, cannot be returned to the individual. All other terms and conditions concerning the administration of the account shall be governed by the Summary Plan Description for such account.

Flexible Benefits. ‌ Individuals are able to designate an amount of pre-tax compensation to a flexible spending account. The amount, which will be limited by IRS guidelines, may be used for IRS approved dependent care expenses and non-reimbursed medical, dental and vision care expenses. Monies designated to these accounts, but not used during the year, cannot be returned to the individual.