Benefits - Flexible Spending

Policy Owner: Chief Human Resource Officer

Policy Statement:

The College offers a comprehensive benefit package.  The package includes a Flexible Compensation Plan under Section 125 of the Internal Revenue Code, which allows employees to elect to have a designated number of dollars deducted from their salary to pay for group health premiums including medical and dental insurance coverage, approved un-reimbursed medical expenses, and approved dependent care expenses on a pre-tax basis.

Policy Rational:

Faculty and staff are critical to the success of the institution. Employees who enjoy the benefits of proper health care and dependent care are absent less frequently and are generally happier, more productive workers.

Benefit Information