Participant elections for medical expense and dependent care reimbursement accounts must be made before the beginning of each plan year, or for newly-hired or newly-eligible employees, before their period of coverage begins. Once the plan year (or period of coverage) begins the benefit election cannot be cancelled or changed unless the participant experiences a valid Change In Status event.

Payments by employers to Section 125 Plans, sometimes referred to as cafeteria plans, flexible benefit plans or mini-flex plans, which provide the opportunity for employees to elect to reduce their taxable compensation to pay for non-taxable benefits such as hospitalization, group term life insurance, group disability insurance, etc.

Qualified flexible benefit programs allow employees to pay for certain benefits on a pre-tax basis. This means that contributions are made before income and payroll taxes are calculated (FICA, Medicare, Federal Unemployment or Federal income). The FICA and Medicare savings apply to both the employee and the employer.

In order for a plan to qualify, employers must follow certain rules. Employees must be given a choice between at least one eligible nontaxable benefit and one eligible taxable one. The employer must provide plan documents and a summary of the plan in writing. The plan may only benefit employees and their dependents (disqualifying sole proprietors, partners and Subchapter S shareholders who are not technically employees of the company).

In order to enroll for Section 125 you need to complete the Salary Redirection Agreement. Please see below to download the instructions and Salary Redirection Agreement. The UCCSN Section 125 plan is different from the state plan. Do not use the state Section 125 forms in your open enrollment packet. Yes, current participants must enroll for the Section 125 Plan every plan year. In order to re-enroll for Section 125 you need to complete the Salary Redirection Agreement.

Section 409A generally establishes deadlines for when employees have to make their elections to defer compensation. The general rule under the law is that an employee who wants to defer payment of compensation to be earned in one year until a later year must make an election to do that not later than the end of the prior year. In other words, if an employee wanted to defer some of his or her salary that would be earned in 2007, the employee would have to make the election not later than Dec.

Yes. But section 409A does not require any specific type of plan document. For example, if the teacher signed an election form with the required information, that would be sufficient. In addition, an election can be made electronically, such as by e-mail. Other rules, such as the inability to change the election and the deadlines for the election, can be provided in any other applicable document, such as an employee handbook or school board rules and regulations.

Section 125 first appeared in the tax code in 1978; however, many employers did not take advantage of it until 1986, which is when the tax laws for deducting personal medical expenses changed. With eflexgroup.com flex, all qualified medical deductions and dependent care expenses can be reimbursed with tax-free dollars.

Qualified flexible benefit programs allow employees to pay for certain eligible benefits with pre-tax dollars. This means that contributions are made before any (okay, almost any...to that in a moment) income and payroll taxes are calculated and deducted. On the federal level this translates into no FICA, Medicare, Federal Unemployment, or income tax. The FICA and Medicare savings apply both to the employee and the employer.

Once an employer has established a Section 125, the employee must fill out an enrollment form known as a Salary Redirection Agreement in order to participate in the plan. This agreement states the employee understands that he or she is authorizing the employer to deduct money on a pre-tax basis, and that the employee is paying a little less toward Social Security as a result.

Medical expenses that are not reimbursed by your medical insurance such as co-pays, deductibles and coinsurance. Also, if your medical plan does not cover vision exams or hardware, chiropractic care, or similar treatments, these may be eligible for reimbursement under the Section 125 plan.

Most group premiums, unreimbursed medical expenses, dependent care expenses that are expensed through a Section 125 Plan are free from State, Federal, FICA & Medicare taxes. Savings amount to 25% to 35% of the costs expensed through the Section 125 Plan.

A greater portion of the group insurance premiums can be shouldered by the employees. The employer saves on whatever the employee passes through Section 125. It saves the FICA and Medicare taxes (7.65%), and FUTA and possibly SUTA taxes, depending on your state. Generally, the costs to establish a plan are less than these tax savings.

A Primary election is an election at which only enrolled members of a party may vote. Primaries are held by the party to choose their candidates for the General Election.

Voters will make a decision on the Measure on May 20, 2003. All Oregon elections are vote-by-mail, so ballots will appear in mailboxes beginning the first week in May. If you are not registered to vote and would like to vote on the Measure your registration card must be postmarked or received 20 days prior to Election Day or by April 29th, 2003 for the May election.

Individuals with disabilities are responsible for enforcing the requirements of Section 508. Individuals with disabilities may file a complaint with an agency or bring a civil action in Federal Court for an agency's noncompliance with the requirements of section 508. Section 508(f) requires agencies to provide procedures for resolving complaints by individuals who allege that an agency has failed to comply with the requirements of section 508 in providing EIT.

wind it up to 10,000 and slip the clutch till you think you have slipped it enough and then slip it some more.

Two bond questions will be voted on at a special referendum election on June 12, 2007. A referendum election will also be held on November 6, 2007.