Reimbursement Accounts Clause Samples
Reimbursement Accounts. The College agrees to implement under IRS Code 125 a Reimbursement Account Plan for bargaining unit members to pay for medically necessary and doctor prescribed health services, and for dependent care services that are not covered under current insurance plans.
Reimbursement Accounts. 6.7 Release............................................................................... 7.18.9(iii) Report................................................................................ 5.1.2
Reimbursement Accounts. 22.1 Reimbursement accounts offer a tax effective way to pay certain healthcare and dependent care expenses. Two types of reimbursement accounts are available to all employees: • Medical Flexible Spending Account: maximum annual contribution is equal to IRS contribution limit. • Dependent Care Flexible Spending Account: maximum annual contribution – the lesser of the follows: o $5,000 if you are married and file joint tax returns, or if you are single, o $2,500 if you are married and file separately, or o The lower of you and your spouse’s income. These deductions shall be pro-rated for employees who are employed for less than a full calendar year.
Reimbursement Accounts. The City will offer to full-time employees the opportunity to setup a pre-tax flexible spending account (FSA) and/or dependent care account (DCA) as allowed under IRS Section 125. Details regarding these programs will be available during the open enrollment period.
Reimbursement Accounts. Reimbursement accounts offer a tax effective way to pay certain healthcare and dependent care expenses. Two types of reimbursement accounts are available to all employees: • Medical Flexible Spending Account: maximum annual contribution is equal to IRS contribution limit. • Dependent Care Flexible Spending Account: maximum annual contribution – the lesser of the follows: o $5,000 if you are married and file joint tax returns, or if you are single, o $2,500 if you are married and file separately, or o The lower of you and your spouse’s income. These deductions shall be prorated for employees who are employed for less than a full calendar year.
Reimbursement Accounts. The following accounts will be made available to all eligible employees on a voluntary basis: Section 106 – pre-tax premiums Section 105 – Unreimbursed medical/dental/vision/hearing expenses Section 125 – Flexible Spending Accounts Section 129 – Dependent care expenses
Reimbursement Accounts. Buyer and Seller shall use their commercially reasonable efforts to provide transition from Seller to Buyer with respect to flexible spending reimbursement accounts (under a cafeteria plan qualifying under Code ss. 125) that provide benefits to Affected Employees.
Reimbursement Accounts. Seller shall cause the transfer from its ---------------------- medical and dependent care expense reimbursement account plans or VEBA trust, as applicable, to Buyer's medical and dependent care expense reimbursement account plans or VEBA trust, as applicable, the respective account balances of the Transferred Employees, and the obligations of Seller's reimbursement account plans or VEBA trust, as applicable, to provide benefits to the Transferred Employees with respect to the transferred account balances will be Assumed Liabilities. Buyer's medical and dependent care expense reimbursement account plans shall permit, effective as of the Closing Date, Transferred Employees to continue their payroll deductions previously elected under Seller's medical and dependent care expense reimbursement account plans. As soon as practicable after December 31, 1997, Buyer shall reimburse Seller for benefits paid by Seller prior to the Closing Date under the medical reimbursement account of each Transferred Employee in excess of contributions received from such Transferred Employee prior to the Closing Date but only to the extent that such Transferred Employee continues to contribute to Buyer's medical reimbursement account plan after the Closing Date.
Reimbursement Accounts. The employee may elect to set aside pre-tax medical and/or dependent care expenses in accordance with the IRS Section 125 Plan document.
Reimbursement Accounts. An Employee may submit a claim against any of the Reimbursement Accounts at the Trustees’s option, following the end of a Plan Year, subject to reimbursement guidelines as defined by the Trustees.
14.4.1 An employee may not use elective contributions for payment of claims for Medical Expenses (MR). Only non-elective Employer Contributions may be used for the reimbursement of Medical Expenses.