Flexible Spending Accounts definition

Flexible Spending Accounts when immediately preceded by “BMS,” means the BMS HCR Plan, and the BMS DCR Plan. When immediately preceded by “Xxxx Xxxxxxx,” Flexible Benefits Plan means the Xxxx Xxxxxxx HCR Plan, and the Xxxx Xxxxxxx DCR Plan to be established by Xxxx Xxxxxxx pursuant to Section 2.2 to accept a spin-off of the flexible spending reimbursement accounts of U.S. Xxxx Xxxxxxx Transferred Employees under the respective BMS Flexible Spending Accounts in accordance with Section 8.6.
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Flexible Spending Accounts means the bookkeeping accounts established and maintained to record the amount of health care reimbursement benefits and dependent care reimbursement benefits available to a Participant under Articles V and VI of the Plan.
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Flexible Spending Accounts. Flexible spending accounts provide associates the opportunity to set a side pre-tax dollars to pay for expenses not covered under the medical plan or to cover expenses for dependent care. The Health Care Spending Account annual maximum is $2,000. The Dependent Care Spending Account annual maximum is $5,000. The plans are administered by Cigna.
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Examples of Flexible Spending Accounts in a sentence

  • The Township shall establish Flexible Spending Accounts (FSAs) as governed by IRS Code 125 regulations.

  • The County will administer the following Flexible Spending Accounts: Section 1.

  • Vanderbilt offers two Flexible Spending Accounts (FSAs): a medical account and a dependent care account.

  • Employees may enroll in Flexible Spending Accounts (FSA) for qualified medical expenses for the duration of this National Addendum.

  • The District shall implement Health and Dependent Care Flexible Spending Accounts (FSA’s) in accordance with Section 125 of the Internal Revenue Code.

  • Flex Credits may 4 not be directed to Flexible Spending Accounts.

  • All eligible employees may participate in optional medical 2 and/or dependent care Flexible Spending Accounts, which allow those employees to pay for 3 qualified medical and dependent care expenses with pre-tax payroll deductions.

  • The Board shall offer employees Flexible Spending Accounts (FSAs); these deductions are on a pre-tax basis.

  • Additional “flex dollars” are available for claiming “Head of Household.” Also, Health Care and Dependent Care Flexible Spending Accounts allow any employee to set aside tax exempt dollars for certain unreimbursed health and/or dependent care expenses.

  • Flexible Spending Accounts must be established for the upcoming year during Open Enrollment.


More Definitions of Flexible Spending Accounts

Flexible Spending Accounts. Has the meaning set forth in Section 4.7 of Schedule E to the General Terms and Conditions Schedule E
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Flexible Spending Accounts as defined in Section 4.12(d).
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Flexible Spending Accounts as defined in Section 4.12(d). GAAP: generally accepted accounting principles as in effect in the United States.
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Flexible Spending Accounts means, collectively, the Health Flexible Spending Account Plan and the Dependent Care Account Plan, each of which are a part of this Plan.
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Flexible Spending Accounts. As outlined in Benefits in Brief for 2009 XXXX, pages 21- 24 Flexible Spending Accounts (FSAs) Healthcare FSA for eligible healthcare expenses such as medical and dental deductibles and copayments, vision or hearing services, and many over-the-counter healthcare products. Dependent Care FSA for eligible child or adult care expenses for your legal dependents, such as licensed day care centers and nursery schools, before-school or after-school programs and home attendants.
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Related to Flexible Spending Accounts

  • Medical flexible spending arrangement or "medical FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for medical expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Medical savings account means an account exempt from federal income taxation pursuant to Section 220 of the United States Internal Revenue Code (26 U.S.C. § 220).

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Distribution Reinvestment Plan means the distribution reinvestment plan of the Company approved by the Board and as set forth in the Prospectus.

  • Separate Accounts means the accounts which are to be prepared for each

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Individual account program means the defined contribution individual account program of

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Subsidy means the difference between the amount of periodic

  • Flexible vinyl adhesive means an aerosol adhesive designed to bond flexible vinyl to substrates. Flexible vinyl means a nonrigid polyvinyl chloride plastic with at least five percent, by weight, of plasticizer content. A plasticizer is a material, such as a high boiling point organic solvent, that is incorporated into a vinyl to increase its flexibility, workability, or distensibility, and may be determined using ASTM Method E260-91 or from product formulation data.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.