Flexible Spending Accounts (FSA). Employee paid. Two separate pre-tax payroll deduction accounts; Health Care FSA and Dependent Care FSA. Health Care FSA is used for reimbursement of qualifying out-of-pocket health care expenses. Dependent Care FSA is used for reimbursement of qualifying dependent day care expenses.
Flexible Spending Accounts (FSA). Employees have the opportunity to participate in both a health care and dependent care flexible spending account (each an FSA) whereby employees will be able to defer up to the maximum permitted by law (for both the health care FSA and dependent care FSA) to pay for any eligible out of pocket expenses related to health care or dependent care on a pre-tax basis. The provisions of both of these FSA’s will be provided in a plan document. The plan document will be available to each eligible employee upon request. Before January 1 of every year, employees will be able to elect to have their compensation for the upcoming year deducted biweekly and contributed on a pre-tax basis to the FSA. During the year (and for a short grace period thereafter), an employee can receive reimbursements under the FSA for covered expenses incurred during the year, up to the amount of the employee’s elected contributions for the year. The FSA deductions will be withheld from employees’ regular payroll.
Flexible Spending Accounts (FSA). Eligible Local 6070 bargaining unit members are provided access to Reimbursement Accounts on the same basis as amended from time to time.
Flexible Spending Accounts (FSA). Each TAEA member will receive a contribution of $300 towards an FSA each year from January 2020 through December 2022. VTA will pay the full cost of the administrative fee for each employee for the FSA. If an employee elects to contribute additional funds into the account (up to the IRS maximum) the employee must complete an FSA enrollment form during open enrollment per calendar year.
Flexible Spending Accounts (FSA). Xxxxxxx State University offers IRS qualified flexible spending accounts, which allow employees to set aside funds on a pre-tax basis for certain health care and dependent care expenses. Employees may reduce their salary depending on the program elected and annual IRS limits. Contributions to either the Health Care or Dependent Care account are not subject to federal or state income taxes, or to FICA (Social Security) deductions. By electing to participate in a flexible spending account, employees can save on predictable medical costs. However, it is important to note, any unspent funds remaining in the account at the end of the plan year will be forfeited. Employees will have until March 31st of the following year in which to file for reimbursement of eligible expenses. Employees whose annual salary is less than the Social Security maximum taxable amount will have a slight decrease in the monthly benefit amount paid upon retirement under Social Security. However, participation in either account will not affect other benefit plan deductions such as retirement or the amount of disability income protection you may be eligible to receive under an offered disability plan.
Flexible Spending Accounts (FSA). The University will make available to full time and Group I part-time employees Medical Flexible Spending and Dependent Daycare Spending Accounts at the allowable per annum limit set by the plan document pursuant to Internal Revenue Code Section 125, which allow employees to set aside funds on a pre-tax basis to pay eligible unreimbursed medical and dependent care expenses during the plan year.
Flexible Spending Accounts (FSA). Employees have the opportunity to participate in both a health care and dependent care flexible spending account (each an FSA) whereby employees will be able to defer up to the maximum permitted by law to pay for any eligible out of pocket expenses related to health care or dependent care on a pre-tax basis. The provisions of both of these FSA’s will be provided in a plan document. The plan document will be available to each eligible employee upon request. Before January 1 of every year, employees will be able to elect to have their compensation for the upcoming year deducted biweekly and contributed on a pre-tax basis to the FSA. During the year (and for a short grace period thereafter), an employee can receive reimbursements under the FSA for covered expenses incurred during the year, up to the amount of the employee’s elected contributions for the year. The FSA deductions will be withheld from employees’ regular payroll. Any amount allocated but not used within the prescribed time limits shall be forfeited.
Flexible Spending Accounts (FSA). The City shall make available the FSA Section 125 plan for health care expense reimbursement and dependent care expense reimbursement. The employee signs up for this plan at the time of open enrollment each year. The amount specified by the employee is deducted from their monthly paycheck. If allowed by the FSA plan administrator, debit cards shall be made available to participants.
Flexible Spending Accounts (FSA). The District will maintain a voluntary FSA program in accordance with applicable IRS statutes to allow employees to pay for covered expenses using pre-tax dollars.
Flexible Spending Accounts (FSA). The Employer shall allow Employees to participate in its Health Care or Dependent Care FSA.
