Flexible spending account definition

Flexible spending account means a medical expense flexible spending account in conjunction with a cafeteria plan as permitted under the federal internal revenue code of 1986.
Flexible spending account means a financial arrangement under which an employee or officer authorizes the Department to reduce the employee’s or officer’s compensation on a pre-tax basis by a specified amount that the employee or officer uses to pay for eligible out-of- pocket expenses for health care, dependent care, or both.
Flexible spending account means a funding and accounting arrangement allowed by federal law

Examples of Flexible spending account in a sentence

  • A Flexible spending account funded by the district to be used towards health care costs.

  • Flexible spending account elections cannot be carried forward from the current year into the next calendar year.

  • Flexible Spending Accounts Offered Flexible spending account participants may enjoy the following benefits of the UPMC BMS Consumer Advantage flexible spending administration:» The UPMC Consumer Advantage Visa card for health care, mass transportation, and parking FSA members provides the benefit of swiping your card to pay for expenses such as qualified medical, dental, vision, parking, and mass transportation expenses.» Subscribers can submit claims for reimbursement to UPMC BMS in three ways.

  • For other events, the change will be effective on the first day of the following month.Note: Flexible spending account qualifying changes may differ from those listed above.

  • Third trimester of pregnancy((; or(F) Language barrier)).If the employee is having premiums taken from payroll on a pretax basis, a plan change will not be approved if it would conflict with provisions of the salary reduction plan authorized under RCW 41.05.300.(b) Flexible spending account (FSA).


More Definitions of Flexible spending account

Flexible spending account means a Participant’s account under the Dependent CareAssistance Program or Health Flexible Spending Arrangement, as applicable in context.
Flexible spending account means the bookkeeping account established for each Participant to reflect the transactions of the FSA Plan and may consist of either or both a Medical Reimbursement Account and a Dependent Care Account maintained pursuant to this FSA Plan and in accordance with the NAD Section 125 Cafeteria Plan.
Flexible spending account. (FSA) means an account funded with Salary Reductions from which a Participant may be reimbursed for qualifying expenses as provided in §125 of the Code.
Flexible spending account or “FSA” means the Healthcare FSA, Limited Purpose FSA, or Dependent Care FSA.
Flexible spending account. A flexible spending account of $36,000 per year shall be available for such items as club initiation fees, club memberships, and automobile payments. The available balance in the account shall be allocated to you in monthly installments.
Flexible spending account or “FSA” shall mean a “flexible spending account” as defined in Section 125 of the Code. “Governmental Authority” shall mean any United States or foreign government, any state or other political subdivision thereof, any
Flexible spending account means the health care reimbursement account option and dependent care reimbursement