Moline-Coal Valley School District No. 40

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Flexible Spending

The Flexible Benefit Plan provides the opportunity for eligible staff to redirect a portion of compensation to the plan to provide pre-tax funds for medical and dental expenses, required monthly contributions for dependent medical health insurance premiums and dependent day care expenses incurred during the plan year. Salary dollars withheld and not used are forfeited. Expenses must be incurred during the plan year (i.e. September 1 through August 31 of the current year) and paid by the employee to qualify for reimbursement through the Flexible Benefit Plan.