FLEXIBLE SPENDING ACCOUNT (FSA) – OPTIONAL
As part of the organizations Section 125 plan, all employees eligible for the company health insurance plan are also eligible to contribute to the Flexible Spending Account administered by Group Dynamic Inc. The employee designates the amount of the pre-tax dollars ($500 min, $2,650 max) the employee would like withheld from the employees’ paycheck each week and deposited into a Flexible Spending Account (FSA). When the employee experiences qualifying medical or dependent care expenses, the employee can use the pre-tax money in the employees FSA to pay for or be reimbursed for those expenses. For a list of qualified expenses see the FSA Eligible Expense list below.