Limited purpose flexible spending arrangement definition

Limited purpose flexible spending arrangement or "limited pur- pose FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for dental and vision expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.
Limited purpose flexible spending arrangement or “Limited FSA” means the accounting record maintained under the Plan for each electing Participant directing amounts deducted from their paychecks in equal installments to such an account for reimbursement of Qualifying Limited Purpose Expense.
Limited purpose flexible spending arrangement or "limited pur- pose FSA" means a benefit plan whereby eligible school employees may reduce their salary before taxes to pay for dental and vision expenses

Examples of Limited purpose flexible spending arrangement in a sentence

  • Effective January 1, 2023, a Limited Purpose Flexible Spending Arrangement was added into the Plan.

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