SECTION 125 AND FLEXIBLE SPENDING ACCOUNTS. The premium cost sharing amount for which the member is responsible shall be automatically deducted from the members’ pay on a pro-rata monthly basis. In accordance with Internal Revenue Service Regulations, the Board agrees to maintain a Section 125 Plan under which a member may designate pre-tax dollars for certain medical costs such as premium cost sharing amounts, deductibles, co-insurance charges and certain medical care not covered under existing insurance programs. In addition, a member also may designate pre-tax dollars for a flexible spending account for non-reimbursed medical expenses and for dependent child care expenses. A monthly administrative fee of $4.00 will be charged for enrollment in one or more of the flexible spending account plans.
SECTION 125 AND FLEXIBLE SPENDING ACCOUNTS. The premium cost sharing amount for which the member is responsible shall be automatically deducted from the members’ pay on a pro-rata monthly basis. In accordance with Internal Revenue Service Regulations, the Board agrees to maintain a Section 125 Plan under which a member may designate pre-tax dollars for certain medical costs such as premium cost sharing amounts, deductibles, co-insurance charges and certain medical care not covered under existing insurance programs. In addition, a member also may designate pre-tax dollars for a flexible spending account for dependent child care expenses. A monthly administrative fee of four dollars ($4.00) will be charged for enrollment in one (1) or more of the flexible spending account plans.
SECTION 125 AND FLEXIBLE SPENDING ACCOUNTS. A member also may designate pre-tax dollars for a flexible spending account for un- reimbursed medical expenses and for dependent child care expenses. A monthly administrative fee of $4.00 will be charged for enrollment in one or more of the flexible spending account plans.
SECTION 125 AND FLEXIBLE SPENDING ACCOUNTS. In accordance with Internal Revenue Service Regulations, the Board agrees to maintain a Section 125 Plan under which a member may designate pre-tax dollars for certain medical costs such as premium cost sharing amounts, deductibles, co-insurance charges and certain medical care not covered under existing insurance programs. In addition, a member also may designate pre-tax dollars for a flexible spending account for un- reimbursed medical expenses and for dependant child care expenses. A monthly administrative fee of $4.00 will be charged for enrollment in one or more of the flexible spending account plans.
