Page 11 - Region One Employee Benefits

HealthCare FSA
A Health Care Flexible Spending Account (FSA) is designed to take advantage of Section 125 of the IRS tax code which allows employees to pay certain quali ed expenses on a pre-tax basis, thereby reducing taxable income. To take advantage of a FSA account, the employee must rst determine the amount of money per plan year to put into the account. e funds in the account can be used to pay for eligible medical expenses including deductibles, co-payments, prescription drugs, dental, or vision expenses not covered by your health insurance. Funds allocated to a Health FSA must be used during the plan year or will be forfeited.
Identity e
To help protect employees from Identity the , Region One ESC makes available protection monitors and alert companies defend against identity threats. Resolution services are also included should your iden- tity ever be compromised while you are covered.
Payments of Leave
upon Retirement
What a great way to send an employee o into the sunset! When an employee leaves Region One to retire, full-time employees are eligible to receive a lump sum payment for accrued but unpaid sick or personal leave with a monetary cap of $40,000.
Recognition/Service Program
To recognize the commitment and dedication of long-time Region One employees, employees with 5, 10, 1, 20, 25, 30 and 35 years of service are honored on an annual basis. Additionally, these highly regarded sta members are presented with a
More Great Opportunities/O erings
service award to commemorate the milestone.
Section 125-Cafeteria Plan
As set forth in the IRS Code, provides a menu of bene ts that allows you to tax-shelter speci c expenses and premiums. Participation in the Section 125 Cafeteria Plan means that you can have pretax dollars pay for one or all of the three eligible
expenses categories:
• Insurance Premiums - coverage
such as Health, Dental, Vision, Cancer and other supplemental insurance products.
• Medical Expense Flexible Spending Account - expenses that qualify for reimbursement, such as, co-payments, deductibles, prescription drugs, dental fees, vision care costs, glasses/contact lenses, etc.
• Dependent Care Flexible Spending Account- expenses incurred in order to obtain employment outside the home. Maximum Annual Contributions in the dependent Care Account: $5000 annually
if the employee is married and ling a joint return or is a single parent or $2500 if the employee is married ling separately.
TRS Buy Back
Members who meet certain quali cations established by TRS may purchase service credit as provided by law. An employee who wishes to buy back service years from the Teacher Retirement System may do so by payroll deduction. http://www.trs.state.tx.us
Wellness Program
Our number one priority at Region One is our employees and we want them to be happy and healthy! To support our sta members Region One ESC o ers opportunities through its Wellness Program to provide employees with the educational skill-building, behavior change tools, support, and motivation to make healthier lifestyle choices every day.