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

• A Flexible spending account funded by the district to be used towards health care costs.

• Flexible spending account elections cannot be carried forward from the current year into the next calendar year.

• 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.

• For other events, the change will be effective on the first day of the following month.Note: Flexible spending account qualifying changes may differ from those listed above.

• Third trimester of pregnancy((; or(F) Language barrier)).If the employee is having premiums taken from payroll on a pretax basis, a plan change will not be approved if it would conflict with provisions of the salary reduction plan authorized under RCW 41.05.300.(b) Flexible spending account (FSA).

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

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. (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. A flexible spending account of $26,000 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. The Employer shall provide each employee with a Flexible Spending Account The amount the Employer contributes monthly into an employee's shall be per hour worked less the monthly premium paid for the insured benefits (Life, Extended Health). For example: x hours insured benefits = Each calendar year an employee must elect the percentage of the to be used for Health Care Spending Account expenses (i.e. dental, vision, balance of prescription drugs, etc.) and/or the percentage to voluntarily contribute to a Newly-hired employees must make this choice at the time of eligibility for benefits. not used at end of any calendar year may be carried forward for one (1) year only. If not used by the end of the second (2'5 year, the monies are forfeited and reverted to the Employer. Prior to an employee electing options each calendar year the Employer shall provide the employee with a statement showing the balance of The Employer is committed to providing all employees with training on the Flexible Spending Account provisions. Such sessions will take place prior to the end of each calendar year and shortly after hire in the case of new employees. The Union has the right to have its Representative attend the training sessions.

Flexible spending account. The Employer shall provide each employee with a Flexible Spending Account The amount the Employer contributes monthly into an employee's shall be per hour worked less the monthly premium paid for the insured benefits (Life, Extended Health). For example: x hours insured benefits Each calendar year an employee must elect the percentage of the to be used for Health Care Spending Account expenses (i.e. dental, vision, balance of prescription drugs, etc.) and/or the percentage to voluntarily contribute to a Newly-hired employees must make this choice at the time of eligibility for benefits. funds not used at the end of any calendar year may be carried for one