FSA Account definition

FSA Account. The account established pursuant to Section 4.10(c) hereof. FSA Contact Persons: Collectively, the officers designated by each Servicer to provide information to FSA pursuant to Section 4.10(l).
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FSA Account. The account established pursuant to Section 4.08(f) hereof.
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FSA Account means a Flexible Spending Account, such as a General Purpose (Medical) FSA or a Limited Purpose FSA or a Post-Deductible FSA (as each of those terms is used in IRS Publication 969), and/or a Dependent Care FSA (as that term is used in IRS Publication 503).
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Examples of FSA Account in a sentence

  • For this purpose, your Health FSA Account balance is determined on a cash basis—that is, without regard to any claims that have been incurred but have not yet been reimbursed (whether or not such claims have been submitted).

  • For reimbursement of expenses from the Health FSA Account after termination of employment, see 'What must I do to be reimbursed for Medical Care Expenses from the Health FSA?'.

  • In addition, if you have an election for Health FSA Benefits (other than the Limited (Vision/Dental/Preventive Care) Health FSA Coverage Option) that is in effect on the last day of a Plan Year, you cannot elect HSA Benefits for any of the first three calendar months following the close of that Plan Year, unless the balance in your Health FSA Account is $0 as of the last day of that Plan Year.

  • The entire $400 is available for reimbursement to Sally even though she has contributed only $307.69 to her Health FSA Account to that point.

  • Example HFSA Q-6(a): Sally elected $2,000 of coverage and contributed $307.69 to her Health FSA Account over the first four pay periods of the Plan Year ($2,000 divided by 26 pay periods equals $76.92 per pay period;.

  • If you pay all of your contributions, then your Health FSA Account would be credited with a total of $1,000 during the Plan Year.

  • The Premium Insurance Benefits will terminate as of the date specified in the Premium Plan.Reimbursements from the Health FSA Account after termination of participation will be made pursuant to Section 7.10 for Health FSA Benefits.

  • For this purpose, a Participant’s General-Purpose Health Care FSA Account balance is determined on a cash basis – that is without regard to any claims that have been incurred but have not yet been reimbursed (whether or not such claims have been submitted).

  • The Plan Administrator will establish and maintain a Health FSA Account with respect to each Participant for each Plan Year or other Period of Coverage who has elected to participate in the Health FSA Component, but it will not create a separate fund or otherwise segregate assets for this purpose.

  • In addition, any Health FSA Account benefit payments that are unclaimed (e.g., uncashed benefit checks) by the close of the Plan Year following the Period of Coverage in which the Medical Care Expense was incurred shall be forfeited and applied as described above.

Related to FSA Account

  • 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.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

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

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Collection Accounts As defined in Section 3.10(a).

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Investment Account As defined in Section 3.12(a).

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.