Flexible Spending Arrangement (FSA) Sample Clauses

Flexible Spending Arrangement (FSA). The City and the Union agree that the health care FSA will continue to be offered.
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Flexible Spending Arrangement (FSA). The City shall offer a Flexible Spending Arrangement (FSA) as provided by I.R.S. guidelines for employees.
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Flexible Spending Arrangement (FSA). The City and the Guild agree that should the health care FSA, which enables participants to set aside money on a pre-tax basis to pay for eligible out-of- pocket health care expenses for participants and their tax dependents, count toward the Affordable Care Act (ACA) excise tax threshold, it will no longer be offered after December 31st of the year preceding the implementation of the excise tax threshold. The purpose of not offering the FSA, should it count toward the excise tax threshold, is to maximize the value of the health plan for all participants. Should the value of all City-offered medical coverage offerings be below the excise tax threshold in a given benefit year the City will make reasonable efforts to offer the health care FSA at a reduced level so long as no excise tax penalties are incurred because of the health care FSA. However, the City will not offer a health care FSA in any circumstance where the maximum deferral limit for health care FSA participants would have to be less than $1,200.00 per year to avoid incurring any excise tax penalties because of the health care FSA. If the ACA is amended and the FSA is no longer included in the excise tax threshold calculation, the health care FSA will continue to be offered.
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Flexible Spending Arrangement (FSA). A flexible spending plan described in Section 125 of the IRC.
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Flexible Spending Arrangement (FSA). Employer-sponsored benefit that allows the Participant to set aside a pretax portion of their gross earnings to use for Qualified Medical Expenses.
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Flexible Spending Arrangement (FSA). The City and the Union agree that the FSA shall continue to be offered.
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Related to Flexible Spending Arrangement (FSA)

  • Medical Flexible Spending Arrangement A. During January 2022 and again in January 2023, the Employer will make available two hundred fifty dollars ($250) in a medical flexible spending arrangement (FSA) account for each bargaining unit member represented by a Union in the Coalition described in RCW 41.80.020(3), who meets the criteria in Subsection 46.5(B) below.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Flexible Spending Plan As of the Employment Commencement Date, the Seller shall transfer, or use commercially reasonable efforts to cause to be transferred, from the Employee Plans that are medical and dependent care account plans (each, a “Seller FSA Plan”) to one or more medical and dependent care account plans established or designated by Buyer (collectively, the “Buyer FSA Plan”) the account balances (positive or negative) of Transferred Employees, and Buyer shall be responsible for the obligations of the Seller FSA Plans to provide benefits to the Transferred Employees with respect to such transferred account balances at or after the Employment Commencement Date (whether or not such claims are incurred prior to, on or after such date). Each Transferred Employee shall be permitted to continue to have payroll deductions made as most recently elected by him or her under the applicable Seller FSA Plan. As soon as reasonably practicable following the end of the plan year for the Buyer FSA Plan, including any grace period, Buyer shall promptly reimburse Seller for benefits paid by the Seller FSA Plans to any Transferred Employee prior to the Employment Commencement Date to the extent in excess of the payroll deductions made in respect of such Transferred Employee at or prior to the Employment Commencement Date but only to the extent that such Transferred Employee continues to contribute to the Buyer FSA Plan the amount of such deficiency. This Section 8.07 shall be interpreted and administered in a manner consistent with Rev. Rul. 2002-32.

  • 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 Working Arrangements 16.1 The Act entitles a specified Employee to request flexible working arrangements in specified circumstances.

  • Dental Care Plan The Welfare Plan will include a Dental Care Plan which will reimburse members for expenses incurred in respect of the coverages summarized in Appendix "1". The Plan will not duplicate benefits provided now or which may be provided in the future by any government program.

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