FLEX SPENDING ACCOUNT. 1. Employees may participate in the flexible spending account using their own funds through payroll deduction.
FLEX SPENDING ACCOUNT. The Hospital shall make available to eligible House Officers, at no cost to the Hospital, a Flexible Spending Account not to exceed $5,000 per House Officer for child and dependent daycare and not to exceed the Internal Revenue Service limit at the time of election for eligible out-of pocket medical expenses. The account will be administered by the Hospital in accordance with Internal Revenue Code and implementing regulations.
FLEX SPENDING ACCOUNT. The City will continue to provide the Flex Spending Accounts through which the Employee may utilize a debit card or submit receipts for office visit co-payments, lab work, diagnostic testing, and prescriptions. In addition, the Employee may increase the funds in the Flex Spending account by making additional contributions through payroll deductions and by allocating accrued sick days as allowed by the collective bargaining agreement.
FLEX SPENDING ACCOUNT. The Town will sponsor a flexible benefit plan pursuant to Section 125 of the Internal Revenue Service (IRS) Code which will allow eligible full-time unit employees the option of contributing pre-tax wages to the plan for the purpose of paying the employees portion of any health insurance and reimbursing the employee for certain qualified health related expenses that are incurred by the employee and dependent family members that are not covered by the health insurance plan. The plan will also allow eligible employees the option to contribute pre-tax wages to the plan for the purpose of reimbursing the employee for dependent care assistance. Maximum coverage shall be set by the IRS. The Town will provide record keeping services necessary to administer the flexible benefits plan. The Town may elect to employ an outside firm as a third-party administrator of the flexible benefits plan. If after the Town has retained an outside firm and it is determined that the level of employee participation in the plan does not justify the Town’s cost of retaining the outside firm, then the obligation of the Town to continue to sponsor and maintain the plan will end. As a result, to the extent of applicable law, all administrative fees or costs that may be incurred as a result of retaining an outside firm as a third-party administrator of the flexible benefits plan shall be borne by either the employee accounts in the plan or directly by the employees who elect to continue to participate in the plan. The agreement of the Town to establish a flexible benefits plan and to provide certain employee benefits through the plan shall not require the Town to establish an employee benefits arrangement that does not comply in all respects with all of the eligibility, nondiscrimination and other legal requirements imposed on flexible benefit plans by the IRS Code, the Employee Retirement Income Security Act, and other applicable law.
FLEX SPENDING ACCOUNT. The Flex Spending Account allows certain expenses to be reimbursed tax-free. Expenses which can be reimbursed include healthcare expenses (not covered by a medical plan) and dependent care expenses. The employee decides the amount to place in this account. Then, during the year, the employee is reimbursed for these eligible expenses from this account. Under federal law, several requirements apply to the Flex Spending Accounts, and the Company shall comply with these requirements. APPENDIX D
FLEX SPENDING ACCOUNT. Effective January 1, 2015, the Health Spending Account will be discontinued and replaced with a Flex Spending Account (see Letter of Understanding for details).
FLEX SPENDING ACCOUNT. 1. All employees shall be offered the option of participating in a Flex Spending Account to be administered by a third party. ARTICLE XVII
FLEX SPENDING ACCOUNT. 20.41 Staff members represented by XXX who do not choose to participate in the Xxxxx County Schools Health Benefit plan or accept payment under Article XX, Section
FLEX SPENDING ACCOUNT. Employees will be eligible to participate in the Employer’s Flex Spending Account program.
FLEX SPENDING ACCOUNT. 20.41 Staff members represented by XXX who do not choose to participate in the Xxxxx County Schools Health Benefit plan or accept payment under Article XXI, Section 21.12 shall be eligible to place in a flex spending account an amount not to exceed Two Thousand Five Hundred Dollars ($2,500).
