Common use of Section 125-Tax Shelter Clause in Contracts

Section 125-Tax Shelter. Tax sheltering of the individual's contribution for health costs, unreimbursed medical expenses and dependent coverage will be provided, under IRS Section 125. All COG employers must offer the IRS Section 125 tax shelter provided through the COG. If an employee elects to utilize any of the IRS 125 benefits, the administrative cost shall be shared equally between the employee and the employer. The Board shall purchase through a carrier licensed by the State of Ohio, employee and family Vision Insurance.

Section 125-Tax Shelter. Tax sheltering of the individual's ’s contribution for health costs, unreimbursed medical expenses and dependent coverage will be provided, under IRS Section 125. All COG employers must offer the IRS Section 125 tax shelter provided through the COG. If an employee elects to utilize any of the IRS 125 benefits, the administrative cost shall be shared equally between the employee and the employer. The Board shall purchase through a carrier licensed by the State of Ohio, employee and family Vision Insurance.