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What is the Flex Plan (Flexible Spending Arrangements)?

April 26, 2017arrangements Flex flexible Plan Spending

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What is the Flex Plan (Flexible Spending Arrangements)?

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The Flex Plan includes three optional pre-tax accounts which can be used for Healthcare Premiums, Unreimbursed Healthcare, and Child/Dependent Care. This is an ERISA plan which means the employer cannot discriminate and must have a written plan document.