Common use of Section 125 and Flexible Spending Account Clause in Contracts

Section 125 and Flexible Spending Account. The Employer will make available a Section 125 Plan for payment of medical insurance premiums. In addition, qualified medical expenses and dependent care spending accounts will be available to employees. Maximum coverage shall be $2,550 per calendar year for medical expenses.

Section 125 and Flexible Spending Account. The Employer will make available a Section 125 Plan for payment of medical insurance premiums. In addition, qualified medical expenses and dependent care spending accounts will be available to employees. Maximum Employees will be eligible for the maximum allowable coverage shall be $2,550 per calendar year for medical expensesexpenses which will be communicated during the annual open enrollment period.