Common use of Reimbursement Accounts Clause in Contracts

Reimbursement Accounts. 22.1 Reimbursement accounts offer a tax effective way to pay certain healthcare and dependent care expenses. Two types of reimbursement accounts are available to all employees: • Medical Flexible Spending Account: maximum annual contribution is equal to IRS contribution limit. • Dependent Care Flexible Spending Account: maximum annual contribution – the lesser of the follows: o $5,000 if you are married and file joint tax returns, or if you are single, o $2,500 if you are married and file separately, or o The lower of you and your spouse’s income. These deductions shall be pro-rated for employees who are employed for less than a full calendar year.

Reimbursement Accounts. 22.1 Reimbursement accounts offer a tax tax-effective way to pay certain healthcare and dependent dependant care expenses. Two types of reimbursement accounts are available to all employees: • Medical Flexible Spending Account: maximum Healthcare reimbursement account (Maximum annual contribution is equal to IRS contribution limit. $2,500) • Dependent Care Flexible Spending Account: maximum care reimbursement account (Maximum annual contribution – the lesser of the followsfollowing: o • $5,000 if you are married and file joint tax returns, or if you are single, o • $2,500 if you are married and file separately, or o • The lower of you your and your spouse’s income. income These deductions shall be pro-rated prorated for employees who are employed for less than a full calendar year.

Reimbursement Accounts. 22.1 Reimbursement accounts offer a tax effective way to pay certain healthcare and dependent care expenses. Two types of reimbursement accounts are available to all employees: • Medical Flexible Spending Account: maximum annual contribution is equal to IRS contribution limit. • Dependent Care Flexible Spending Account: maximum annual contribution – the lesser of the follows: o $5,000 if you are married and file joint tax returns, or if you are single, o $2,500 if you are married and file separately, or o The lower of you and your spouse’s income. These deductions shall be pro-rated prorated for employees who are employed for less than a full calendar year.

Reimbursement Accounts. 22.1 Reimbursement accounts offer a tax effective way to pay certain healthcare and dependent care expenses. Two types of reimbursement accounts are available to all employees: • Medical Flexible Spending Account:  Healthcare reimbursement account (maximum annual contribution is equal to IRS contribution limit. • $2,500)  Dependent Care Flexible Spending Account: care reimbursement account (maximum annual contribution – the lesser of the follows: o $5,000 if you are married and file joint tax returns, or if you are single, o $2,500 if you are married and file separately, or o The lower of you and your spouse’s income. income These deductions shall be pro-rated prorated for employees who are employed for less than a full calendar year.