E-III. Flexible Spending Accounts (“FSAs”)

The BOARD will offer its employees two types of voluntary 100% contributory, flexible spending accounts:

Medical Reimbursement Account – to be used for FSA eligible expenses not covered by the employee’s medical or dental plan, such as co-pays, deductibles and co-insurance. The maximum amount is $2,700 per year.

Dependent Care Account – to be used for dependent care expenses. The maximum amount is $5,000 per year.