Flexible Health Care Spending Account

The Flexible Health Care Spending Account allows the employee to elect a pre-tax salary reduction to cover expenses not covered under the Fund’s health plan. Prior to the beginning of each calendar year an employee estimates the qualifying expenses he or she expects to incur during the year up to a maximum of $10,000. The Fund deducts in equal installments from an employee's salary the amount of flexible health care expenses projected for the year (the amount deducted by the Fund is not taxable to the employee). The eligible health care expenses that are deemed non-reimbursable by the Fund's health plan providers can be charged to this account at the end of each month by completing a claim form. The full amount will be reimbursed, provided that receipts and/or bills are submitted with the claim. IRS regulations require that any money remaining at the end of the year in an employee's account be forfeited.

Specific materials describing the plan, application form, and claim form are available from the Personnel & Benefits Administrator upon request.