FLEXIBLE SPENDING ACCOUNT (FSA) – OPTIONAL
As part of the organizations Section 125 plan, all employees that work a minimum of 25 hours per week, year-round are 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, $2,700 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 here.