E-III. Flexible Spending Accounts (“FSAs”)
The BOARD will offer its employees two types of voluntary 100% contributory, flexible spending accounts:
Medical Reimbursement Account – to be used for FSA eligible expenses not covered by the employee’s medical or dental plan, such as co-pays, deductibles and co-insurance. The maximum amount is $2,7500 per year.
Dependent Care Account – to be used for dependent care expenses. The maximum amount is $5,000 per year.