Common use of Flexible Spending Clause in Contracts

Flexible Spending. The District has instituted flexible spending accounts for insurance deductibles, health care costs, and dependent care costs by employee contribution only. These FSAs would have limits on employee pre-tax contribution, i.e., $2,500 for health care expenses, and up to $5,000 for dependent care contributions per year. The plan year will be from July 1 to June 30 with annual enrollment. Any surplus left in these individual flexible accounts will be the property of the District and go first to plan administrative costs and losses to the employer with regard to these accounts. Employees must sign up yearly in June.

Flexible Spending. The District has instituted flexible spending accounts for insurance deductibles, health care costs, and dependent care costs by employee contribution only. These FSAs would have limits on employee pre-pre- tax contribution, i.e., $2,500 for health care expenses, and up to $5,000 for dependent care contributions per yearas specified in the IRS regulations. The plan year will be from July January 1 to June 30 December 31 with annual enrollment. Any surplus left in these individual flexible accounts will be the property of the District and go first to plan administrative costs and losses to the employer with regard to these accounts. Employees must sign up yearly in JuneJune of the preceding year.

Flexible Spending. The District has instituted flexible spending accounts for insurance deductibles, health care costs, and dependent care costs by employee contribution only. These FSAs would have limits on employee pre-pre- tax contribution, i.e., $2,500 for health care expenses, and up to $5,000 for dependent care contributions per year. The plan year will be from July January 1 to June 30 December 31 with annual enrollment. Any surplus left in these individual flexible accounts will be the property of the District and go first to plan administrative costs and losses to the employer with regard to these accounts. Employees must sign up yearly in JuneDecember of the preceding year.