FLEXIBLE SPENDING ACCOUNTS (FSAs. UMMC offers a Health Care and Dependent Care Flexible Spending Account Program. The program runs from 7/1 through 6/30. FSAs allow you to set aside pre tax dollars through payroll deduction to pay for eligible health and/or child care expenses. You must enroll within 31 days of your employment start date. If you fail to enroll, your next opportunity will be during the annual open enrollment period, held in May, unless you have a qualifying life event that affects your eligibility for these benefits. Qualifying life event changes must be submitted online through HRConnections within 31 days of the qualifying life event or the change won’t be allowed.
FLEXIBLE SPENDING ACCOUNTS (FSAs. The City agrees to offer a pre-tax dependent care reimbursement account up to the maximum reimbursement allowed by law to be funded by employee. The City agrees to offer a pre-tax medical reimbursement account, up to two thousand five hundred dollars ($2,500) per year per employee.
FLEXIBLE SPENDING ACCOUNTS (FSAs. Employees are eligible to participate in Dependent Care and Medical Spending Accounts authorized in accordance with Section 125 of the Internal Revenue Service (IRS) Code except as provided in the 2015 Letter of Understanding titled “Federal Excise Tax Implications”.
FLEXIBLE SPENDING ACCOUNTS (FSAs. The County agrees to make available Dependent Care and Health Care Flexible Spending Accounts as provided in the Internal Revenue Code Section 125.
FLEXIBLE SPENDING ACCOUNTS (FSAs. UMMC offers a Health Care and Dependent Care Flexible Spending Account Program. The program runs from 7/1 through 6/30. FSAs allow you to set aside pre tax dollars through payroll deduction to pay for eligible health and/or child care expenses. You must enroll within 31 days of your employment start date. If you fail to enroll, your next opportunity will be during the annual open enrollment period, held in May, unless you have a qualifying life event that affects your eligibility for these benefits. Qualifying life event changes must be submitted to the Benefits Department within 31 days of the qualifying life event.
FLEXIBLE SPENDING ACCOUNTS (FSAs. Health Care and Dependent Care Represented employees will be eligible to participate in the two Flexible Spending Account (FSA) options offered by the City. Employees may elect to set aside a portion of their salary, on a pre-tax basis, to fund eligible health care and dependent care expenses. If the City does not meet IRS regulations, or if the IRS regulations change for any reason, this benefit may be discontinued. The City reserves the right to contract with a Third Party Administrator for the administration of FSAs. The City will pay the start-up costs associated with third party administration. Participating employees will pay any required fees (monthly, per employee, per transaction, etc.).
FLEXIBLE SPENDING ACCOUNTS (FSAs. All eligible employees may participate in 15 optional medical and/or dependent care FSAs, which allow those employees to pay 16 for qualified medical and dependent care expenses with pre-tax payroll deductions.
FLEXIBLE SPENDING ACCOUNTS (FSAs. 1. Health Care and Dependent Care reimbursement accounts will continue to be offered as an optional benefit and if elected are effective upon the date of full-time employment. The maximum allowable amount for each of the accounts is $5,000.
2. If permissible by tax law, participation is conducted through payroll on a pre-tax basis. Deductions are made in equal installments during the coverage period. One may not change or discontinue participation unless a qualifying event occurs in employment or family status. One may claim reimbursements from the accounts for eligible expenses incurred during the coverage period. Any unused deposits are forfeited if not claimed.
FLEXIBLE SPENDING ACCOUNTS (FSAs. The District will make separate flexible spending accounts (FSAs) available for reimbursement of health expenses and for reimbursement of childcare expenses, as provided under Section 125 of the Internal Revenue Code. Employees will be allowed to contribute by payroll deduction to the FSAs. The health FSA will allow for a $500 rollover from year to year. The FSAs will include a debit/credit card at the employee’s choice.
FLEXIBLE SPENDING ACCOUNTS (FSAs. UMMC offers a Health Care and Dependent Care Flexible Spending Account Program. FSAs allow you to convert taxable salary dollars into tax-free benefit dollars by paying for eligible health and/or child care expenses with pre-tax dollars. You may enroll during your first 31 days of employment. Thereafter, you may only enroll during the Open Enrollment period unless you have a qualifying family status change. Page 11 of 12 Resident/Fellow Agreement Residents and Fellows scheduled to work 64 or more hours per bi-weekly pay period are entitled to 120 hours of vacation leave per contract year. Balances do not carry forward into the next contract year, and there is no pay-out for unused vacation leave.
