Eligible employees receive individual Summary Plan Descriptions outlining these rights and responsibilities.
Employees make elections on an annual basis.
Flex credits are given to individuals who choose less costly options or opt out of coverage. Under Section 125 of the Internal Revenue Code, employees may elect a pre-tax salary reduction to cover qualified dependent care expenses and qualified medical costs not reimbursed under the employees' benefit plan. All full-time employees are eligible to participate in the Flexible Spending Accounts. Election forms must be completed on an annual basis. 5.306.7 - Dental Insurance History of Policy No.