Sentences with phrase «as flexible spending account»

FSA, also known as flexible spending account or flexible spending arrangement, is occasionally used by my clients due to counseling being a medical / mental health expense.

Then, do the same with $ 2,550 of pretax money in what most people know as a flexible spending account and use it for health care expenses that insurance doesn't cover.

One common benefit is a Section 125 plan, referred to as a flexible spending account or cafeteria plan.

To calculate the dollar figure, include both the employer and the employees» contribution for health and dental insurance, as well as flexible spending accounts.

Not exact matches

Just as it does with other employee benefits, your company will have to file separate Form 5500s annually for its flexible spending accounts.

Like all Googlers, our named executive officers are eligible to participate in various employee benefit plans, such as medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life, accidental death and dismemberment, disability, and travel insurance, survivor income benefit, employee assistance programs (e.g., confidential counseling), and paid time off.

You can still benefit from programs like flexible spending accounts and retirement and college savings as someone who is self - employed, just as you would if you were an employee at a large brokerage firm or bank.

The IRS, under new rules for flexible spending accounts that will go into effect in January, denied that request and has ruled that breast - feeding does not have enough health benefits to qualify as a medical expense.

A dependent - care flexible spending account lets you set aside pretax money for expenses related to caring for a child — this is not the same as the child tax credit, which you use for a disabled spouse, parent, or other mentally or physically handicapped dependent.

The account will likely be described as «flexible spending credit card», which denotes its status as having no credit line restrictions.

Box 1 is computed by subtracting certain before - tax deductions from gross pay, such as the employee's share of medical, dental, disability and flexible spending account benefits and 401 (k), 403 (b) and 457 plan deductions.

Emergency loans can also be requested and withdrawn from funds that you have contributed to, such as a 401 (k), an individual retirement account, a healthcare flexible spending account or something similar.

In the Democrats» reconciliation bill — actually an amendment to the Senate - passed health bill — a high - cost health plan is defined as costing more than $ 10,200 for an individual or $ 27,500 for a family, including worker and employer contributions to flexible spending or health savings accounts.

Identify any employer benefits — such as adoption reimbursement, flexible spending accounts, 529 college savings plans, or child care subsidies — which you can take advantage of to help cover child - related costs.

A flexible spending account has its advantage as well: You can use it for dependent care as well as medical expenses, but it's part of a cafeteria plan and you lose the money that you don't spend by the end of the year (rather than it simply rolling over to the next).

If you have money remaining at year - end, you don't lose it, as you would with a flexible spending account.

You may want to consider taking advantage of any benefits your employer may offer, such as wellness plans or flexible spending accounts.

So, for example, if you have two qualifying persons and you contributed $ 5,000 to a flexible spending account via your employer, you can only use $ 1,000 ($ 6,000 — $ 5,000) as the dollar limit of care expenses in computing your Child and Dependent Care credit.

North Shore Animal League America offers eligible employees the opportunity to enroll in a Health Flexible Spending Account plan (FSA), enabling them to set aside money, on a pre-tax basis via payroll deduction, for many kinds of common unreimbursed healthcare, dental and vision expenses such as office visit copays, prescription drugs, orthodontia and eyewear.

Position statement: Administer all health and welfare benefit programs including medical, dental, vision, flexible spending accounts, life and disability insurance as well as Best Friend's 401 (k) savings plan.

It's especially ideal for those who use a flexible spending account to cover medical expenses, since that works in much the same way: You pay for your medical expense with a credit card (i.e. dental exam, physical, checkup, prescriptions), submit a claim, and you receive a check for the total amount as long as you have the funds to cover this cost.

Flexible Spending Account: Provide users with a way of paying for medical expenses that aren't covered by insurance, such as deductibles and co-payments.

They also handle many aspects of other employee benefit plans such as the processing of retirement plans and flexible spending accounts.

Qualified employees enjoy extensive job benefits, such as paid training, paid time off, 401 (k) retirement plan, health benefits of dental and medical care and flexible account spending.