Flexible spending account definition

Flexible spending account means a medical expense flexible spending account in conjunction with a cafeteria plan as permitted under the federal internal revenue code of 1986.

Flexible spending account means a financial arrangement under which an employee or officer authorizes the Department to reduce the employee’s or officer’s compensation on a pre-tax basis by a specified amount that the employee or officer uses to pay for eligible out-of- pocket expenses for health care, dependent care, or both.

Flexible spending account means a funding and accounting arrangement allowed by federal law

Examples of Flexible spending account in a sentence

• Flexible Spending Accounts Offered Flexible spending account participants may enjoy the following benefits of the UPMC BMS Consumer Advantage flexible spending administration:» The UPMC Consumer Advantage Visa card for health care, mass transportation, and parking FSA members provides the benefit of swiping your card to pay for expenses such as qualified medical, dental, vision, parking, and mass transportation expenses.» Subscribers can submit claims for reimbursement to UPMC BMS in three ways.

• Flexible spending account Next plan year choice: Current participants must re-enroll to continue coverage and use of debit card.

• All DCCU members are eligible to participate in the MUS Flexible spending account program.

• Directors are entitled to the following benefits on the same terms as other officers: a Flexible spending account funded by the district to be used towards health care costs.

• Comprehensive medical benefits• Health plan with medical and prescription coverage, additional Health Reimbursement Account and premium reduction incentives.• Dental plan with standard preventive care covered 100%, plus coverage for basic and major restorative care.• Vision plan with allowance for prescription glasses and contacts.• Flexible spending account opportunity to set aside pre-tax money for health- related expenses.

More Definitions of Flexible spending account

Flexible spending account means a Participant’s account under the Dependent CareAssistance Program or Health Flexible Spending Arrangement, as applicable in context.

Flexible spending account. (FSA) means an account funded with Salary Reductions from which a Participant may be reimbursed for qualifying expenses as provided in §125 of the Code.

Flexible spending account means the bookkeeping account established for each Participant to reflect the transactions of the FSA Plan and may consist of either or both a Medical Reimbursement Account and a Dependent Care Account maintained pursuant to this FSA Plan and in accordance with the NAD Section 125 Cafeteria Plan.

Flexible spending account or “FSA” means the Healthcare FSA, Limited Purpose FSA, or Dependent Care FSA.

Flexible spending account. (“FSA”) means a health care flexible spending account arrangement or dependent care assistance flexible spending account arrangement, as described in proposed Internal Revenue Service (“IRS”) regulations under Internal Revenue Code (“Code”) 125.

Flexible spending account. A flexible spending account of $36,000 per year shall be available for such items as club initiation fees, club memberships, and automobile payments. The available balance in the account shall be allocated to you in monthly installments.

Flexible spending account. A voluntary plan established by RBX Industries, Inc. which allows an employee to select various benefits to be paid on a non-taxable basis: health care coverage premiums, medical and dental expenses, and work related dependent day care expenses. If for certain reasons an employee's health insurance ends, he/she may be eligible for continued coverage under COBRA at the employee's expense.