Common use of Flexible Spending Account - Medical Reimbursement Clause in Contracts

Flexible Spending Account - Medical Reimbursement. The BOARD will make arrangements to afford individual Professional Staff Members the option to subscribe to a Flexible Spending Account, upon written request, in lieu of all medical insurance coverages provided in this Article, subject to the limitation on BOARD contributions toward the cost of such option contained in the following paragraph. Subsequent opportunity to exercise or to revoke the exercise of such option shall be provided as may be mutually agreed upon by the BOARD and the ASSOCIATION, but not more frequently than once in any twelve (12) month period. On behalf of each Professional Staff Member subscribing to a Flexible Spending Account under the preceding paragraph, the BOARD will reimburse the Professional Staff Member up to $600 (six hundred) dollars each year, after medical expenses have been submitted.