The amount of reimbursement from TERC is based on the average cost to TERC for like coverage under one of its group plans, the percent of full time work, and whether you elect single or family coverage. If you elect family coverage, you will be responsible to pay all of the extra costs for covering your dependents. Or, you may elect no coverage. Part Time employees are responsible for a percentage of both individual and dependent costs. The amount TERC provides for your flexible spending account is review annually.
Some restrictions apply.
Your costs for these expenses can be reduced by paying them through the Flexible Spending Account on a pre-tax basis. Inc. All Rights Reserved.