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.
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Flexible spending account means a funding and accounting arrangement allowed by federal law
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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.
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Examples of Flexible spending account in a sentence

  • If a product has less than 5% participation, but saves both the district and the employee money, it will be continued (i.e. Flexible Spending Account (FSA).

  • ARTICLE 23A FLEXIBLE SPENDING ACCOUNT‌ The City of Lowell will implement an IRS Section 125 Flexible Spending Account (FSA) Plan.

  • The Parties agree that if the health care plans are projected, by a third-party consultant {insurance brokers), to be subjected to the Cadillac Tax, the County has the option of unilaterally eliminating the Flexible Spending Account /FSA} or unbundling Vision from the health care plans as measures to avoid the Cadillac Tax fees or penalties.

  • The City shall provide a Flexible Spending Account and Dependent Care Account Program by July 1, 2025.

  • The District agrees to abide by the State of Delaware Flexible Spending Account Plan for eligible Employees.


More Definitions of Flexible spending account

Flexible spending account means a Participant’s account under the Dependent Care
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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.
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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.
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Flexible spending account or “FSA” means the Healthcare FSA, Limited Purpose FSA, or Dependent Care FSA.
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Flexible spending account. (“FSA”) means a health care flexible spending account arrangement or dependent care assistance flexible spending account arrangement, as described in proposed Internal Revenue Service (“IRS”) regulations under Internal Revenue Code (“Code”) § 125.
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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.
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Flexible spending account means an account that encourages
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