Examples of FSA Participants in a sentence
BCBSNC may make an electronic payment card available to Health FSA Participants through which eligible medical expenses may be paid.
Allows HRA and Medical FSA Participants to access Plan Account funds at the point of sale using a debit card to pay for eligible medical expenses.
Prudent Actions by Plan FiduciariesIn addition to creating rights for Health Care FSA Participants, ERISA imposes duties upon the people responsible for the operation of the Health Care FSA.
The Company shall provide to Purchaser Sub as soon as administratively feasible following a Closing Date, Subsequent Closing Date or Distribution Center Closing Date, as applicable, a schedule setting forth the relevant FSA Participants and the amount each FSA Participant has elected to contribute to the Company FSA for the current Company FSA plan year and the amount reimbursed by the Company FSA to the FSA Participant (or eligible dependent) (the “FSA Balances”).
A COBRA qualifying beneficiary must be provided the health care FSA carryover option if it is provided to active health care FSA Participants.
The people who operate your Health Care FSA, called “fiduciaries,” have a duty to do so prudently and in the interest of you and other Health Care FSA Participants and beneficiaries.
The applicable Parent shall reimburse medical expenses incurred by the FSA Participants at any time during the applicable Parent FSA’s plan year (including, but not limited to, claims incurred prior to the Interim Transfer Date but unpaid prior to the Interim Transfer Date), up to the amount of the FSA Participants’ election and reduced by amounts previously reimbursed by the applicable Parent FSA.
Effective as of the Closing Date, Buyer shall establish flexible spending accounts which shall (i) permit immediate participation as of the first day of the month immediately following Closing for all FSA Participants and (ii) accept for reimbursement any claims related to the calendar year in which the Closing Date occurs and eligible for reimbursement on the basis of participant elections initially made under the Seller FSA, which have not been previously reimbursed by Seller.
If the aggregate amount of reimbursements paid to the FSA Participants under the Remainco FSA prior to the Distribution Date for the plan year in which the Distribution Date occurs exceeds the aggregate amount withheld prior to the Distribution Date from FSA Participants’ compensation under the Remainco FSA for such plan year, RMT Partner shall transfer to Remainco within forty-five (45) days after the Distribution Date a cash payment equal to such excess, if any.
The Company represents and covenants that as of the Closing Date it has or shall have properly withheld from the pay of Company FSA Participants all amounts in accordance with their Company FSA Plan elections.