Flexible Spending Arrangement (FSA). The City shall offer a Flexible Spending Arrangement (FSA) as provided by I.R.S. guidelines for employees.
Flexible Spending Arrangement (FSA). The City and the Union agree that the health care FSA will continue to be offered.
Flexible Spending Arrangement (FSA). The City and the Union 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.
Flexible Spending Arrangement (FSA). A flexible spending plan described in Section 125 of the IRC.
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.
Flexible Spending Arrangement (FSA). The City and the Union agree that the FSA shall continue to be offered.
