Flexible Spending Account (FSA). Beginning January 1, 1993, an employee may designate an amount per year to be placed into the employee’s Flexible Spending Account (as defined in Section 125 of the Internal Revenue Code as amended from time to time). The amounts in the account may be used to reimburse the employee for uncovered medical expenses. Amounts placed in the account are not subject to federal, state and Social Security (FICA) taxes. Reports of earnings to MTRFA and pension deductions will be based on gross earnings.
Flexible Spending Account (FSA). An Educational Support Professional may designate an amount per calendar year to be placed into a flexible spending account (as defined in Section 125 of the Internal Revenue Code as amended from time to time). The amounts in the account may be used to reimburse the Educational Support Professional for uncovered medical expenses. Amounts placed in the account are not subject to federal, state and Social Security and Medicare taxes. Reports of earnings to applicable pension plans will be based on gross earnings.
Flexible Spending Account (FSA). The County offers a flexible spending account in accordance with IRS Section 125 to allow employees to set aside pre-tax dollars by payroll deduction for approved medical expenses up to a limit set by the County and not to exceed IRS-set limits.
Flexible Spending Account (FSA). Products that can be purchased at a lower cost through group rates and are not readily available to individuals.
Flexible Spending Account (FSA). Beginning January 1, 1991, a teacher may designate an amount per year to be placed into the teacher's Flexible Spending Account (as defined in Section 125 of the Internal Revenue Code ). The amounts in the account may be used to reimburse the teacher for uncovered medical, dental and other related expenses (as defined in Section 125 of the Internal Revenue Code) for the employee and their dependents. Amounts placed in the account are not subject to federal, state and Social Security (FICA) taxes. Reports of earnings to TRA and pension deductions will be based on gross earnings.
Flexible Spending Account (FSA). All academic staff members who are eligible (as per Article 23.5.
2.1) for benefits shall receive credits in a Flexible Spending Account in order to support the benefit programs available to academic staff members. Effective January 1, 2018 academic staff members shall receive a credit of $900; Effective January 1, 2020 academic staff members shall receive a credit of $1,000. Once per year, prior to end of the last business day of November, academic staff members may direct the allocation of their FSA credits to one or both of the following:
a) Health Care Spending Account or
b) Personal Spending Account (taxable) Both accounts are subject to Canada Revenue Agency regulations. Should no election be made, all credits will default to the Health Care Spending Account. Subject to Canada Revenue Agency regulations, unused balances in the Health Care Spending Account shall be carried forward.
Flexible Spending Account (FSA) a. For employees enrolled in a non-CDHP plan: Employees will have the option of participating in a FSA for reimbursable medical costs, dependent care costs, or premium sharing costs.
b. For employees enrolled in a CDHP plan: Employees will have the option of participating in a FSA for dependent care costs.
Flexible Spending Account (FSA). 15 The Department shall provide for the administration of a 16 medical FSA as provided for by IRC Section 125. This program shall 17 provide an income tax benefit to those unit members paying out of 18 pocket medical, dental, and/or vision expenses by allowing employees 19 to have monies deducted from their paycheck before taxes to pay for 20 eligible expenses.
Flexible Spending Account (FSA). During the term of this Agreement, the Authority and the Union agree to explore the idea of a FSA for Dependent Care Account and Medical Care Reimbursement through the Labor Management Committee.
Flexible Spending Account (FSA). Effective January 1, 2011, all members of the bargaining unit shall have the option to participate in a Flexible Spending Account (FSA) in accordance with current Federal Law.
