PRE-TAX FLEXIBLE SPENDING ACCOUNTS CATCH ON IN STATES.Employees of 38 state governments now have access to pre-tax flexible spending accounts flexible spending account, n an employee reimbursement account primarily funded with employee-designated salary reductions. Funds are reimbursed to the employee for health care (medical and/or dental), dependent care, and/or legal expenses and are to assist with health care and related expenditures, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2000 State Employee Benefits Survey published by Workplace Economics, an economics consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . Under these plans, employees may designate a specified portion of their salary to be placed in an individual account on a pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern basis. The employee may draw upon money in the account during the year to pay for certain medical expenses qualified by the Internal Revenue Service. In addition, pre-tax dependent care accounts are now available to employees of 49 states. Hawaii, the last state to offer such accounts, is planning to begin both medical and dependent care accounts this year. |
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