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PORTLAND COMMUNITY COLLEGE Flexible Spending Account Plan Document Effective: 1/1/2014 IRC Section 125 requires that your Plan Document be kept on file. This document explains in detail the operation
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What is flexible spending account enrollment?
Flexible spending account enrollment is the process of enrolling in a benefit program that allows employees to set aside a portion of their salary on a pre-tax basis to pay for eligible out-of-pocket healthcare expenses.
Who is required to file flexible spending account enrollment?
All eligible employees who wish to participate in the flexible spending account program are required to file flexible spending account enrollment.
How to fill out flexible spending account enrollment?
To fill out flexible spending account enrollment, employees must complete the enrollment form provided by their employer. The form typically requires personal information, such as name, address, and social security number, as well as the desired contribution amount.
What is the purpose of flexible spending account enrollment?
The purpose of flexible spending account enrollment is to allow employees to save money on eligible healthcare expenses by using pre-tax dollars from their salary.
What information must be reported on flexible spending account enrollment?
Flexible spending account enrollment typically requires employees to report personal information, such as name, address, and social security number, as well as the desired contribution amount.
When is the deadline to file flexible spending account enrollment in 2023?
The deadline to file flexible spending account enrollment in 2023 may vary depending on the employer's policies. It is recommended to check with the employer or refer to the enrollment materials for the exact deadline.
What is the penalty for the late filing of flexible spending account enrollment?
The penalty for the late filing of flexible spending account enrollment may vary depending on the employer's policies. It is recommended to check with the employer or refer to the enrollment materials for information about any penalties or consequences for late filing.
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