Or. Admin. R. 111-030-0047 - Development of Flexible Spending Accounts
(1) Effective October 1, 2012, OEBB will
offer the use of an employer sponsored vendor for Flexible Spending Accounts
(FSAs) including a Health Care Flexible Spending Account, Limited Health Care
Spending Account and Dependent Care Flexible Spending Account.
(2) If an Entity chooses to offer an employer
sponsored FSA, the Entity may offer this plan through the OEBB-contracted FSA
vendor.
(3) Eligible employees who
are eligible to enroll in an FSA, and choose the employer sponsored FSA vendor,
do so directly through their Entity.
(4) Eligible employees must meet requirements
established by the Internal Revenue Service (IRS) to qualify for enrollment in
an FSA. Once enrolled in an FSA, members are responsible to adhere to tax
requirements of the IRS.
Notes
Stat. Auth.: ORS 243.860-243.886
Stats. Implemented: ORS 243.874(5)
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