Dependent Care Flexible Spending Account definition

Dependent Care Flexible Spending Account means the account established for a Participant pursuant to this Article to which part of his Cafeteria Plan Benefit Dollars may be allocated and from which Employment-Related Dependent Care Expenses of the Participant may be reimbursed for the care of the Qualifying Dependents of Participants.

Dependent Care Flexible Spending Account means an Account established for a Participant under the Plan for reimbursement of the Participant’s Dependent Care Expenses.

Dependent Care Flexible Spending Account means the accounting record maintained under the Plan for each electing Participant directing amounts to such an account for reimbursement of Dependent Care Expenses.

Examples of Dependent Care Flexible Spending Account in a sentence

• Any contribution made or withheld for the Health Flexible Spending Account or Dependent Care Flexible Spending Account shall be credited to such fund or account.

• With respect to any affected Participant who has had Benefits reduced pursuant to this Section, the reduction shall be made proportionately among Health Flexible Spending Account Benefits and Dependent Care Flexible Spending Account Benefits, and once all these Benefits are expended, proportionately among insured Benefits.

• No further additions shall be made to the Health Flexible Spending Account or Dependent Care Flexible Spending Account, but all payments from such fund shall continue to be made according to the elections in effect until 90 days after the termination date of the Plan.

• For the Dependent Care Flexible Spending Account, if a Participant fails to submit a claim within 90 days after the end of the Plan Year, those claims shall not be considered for reimbursement by the Administrator.

• It is the intent of this Dependent Care Flexible Spending Account that not more than 25 percent of the amounts paid by the Employer for dependent care assistance during the Plan Year will be provided for the class of individuals who are shareholders or owners (or their Spouses or Dependents), each of whom (on any day of the Plan Year) owns more than 5 percent of the stock or of the capital or profits interest in the Employer.

More Definitions of Dependent Care Flexible Spending Account

Dependent Care Flexible Spending Account. Xxxxxxx State University recognizes that many employees in today’s workforce are faced with child or eldercare expenses due to the employment of one or both parents. To assist with these expenses, the University provides an opportunity for employees to participate in the Dependent Care Flexible Spending Account. This account allows employees to pay for dependent care expenses (i.e. daycare and eldercare) with before-tax dollars. NOTE: Limited-Purpose Flexible Spending Account (LPFSA): Under the BOR Health Plan’s Consumer Choice Option, employees in conjunction with their Health Savings Account (HSA) elect to enroll in a Limited-Purpose FSA. A limited-purpose health flexible spending account (referred to as a limited-purpose FSA) is much like a typical, general-purpose health FSA. However, under a limited-purpose FSA, eligible expenses are limited to qualifying dental and vision expenses for you, your spouse, and your eligible dependents.

Dependent Care Flexible Spending Account means you can use your Dependent Care FSA to cover

Dependent Care Flexible Spending Account or “Dependent Care FSA” means the Dependent Care Assistance Program (DCAP) that PEBB has adopted in accordance with section 129 of the Internal Revenue Code.

Dependent Care Flexible Spending Account means dependent care assistance as defined in 26 U.S.C. Sec. 129 of the federal internal revenue as it existed on the effective date of this section, or such subsequent date as may be provided by the department by rule.

Dependent Care Flexible Spending Account. (Dependent Care FSA) means and refers to the Flexible Spending Account provided for under Article V of this Plan.

Dependent Care Flexible Spending Account or “DFSA” means the Dependent Care Flexible Spending Account established pursuant to Chapter 7.

Dependent Care Flexible Spending Account or “Dependent Care FSA” means the account described in Article VII of this Plan.