Alabama § 16-25A-43 Establishment of Flexible Employee Benefit Plan; Long-Term Care Plan

Alabama Statutes

§ 16-25A-43 — Establishment of Flexible Employee Benefit Plan; Long-Term Care Plan

Alabama·Title 16 Education·Ch. 25A Public Education Employees’ Health Insurance·Art. 2 Public Education Flexible Emplpyees’ Benefits Program

The board is authorized to establish a flexible employee benefit plan for employees in compliance with Section 125 and any other applicable sections of the Internal Revenue Code. The flexible employee benefit plan may provide for payments or salary reductions for qualified benefits in accordance with Section 125 of the Internal Revenue Code, which presently include health insurance premiums, group life insurance, disability insurance, supplemental health and accident insurance, dependent care expenses, and such other types of employee benefits permitted under Section 125 and any other applicable sections of the Internal Revenue Code. Furthermore, the board may establish a long-term care plan for employees.

Free access — add to your briefcase to read the full text and ask questions with AI

The board is authorized to establish a flexible employee benefit plan for employees in compliance with Section 125 and any other applicable sections of the Internal Revenue Code. The flexible employee benefit plan may provide for payments or salary reductions for qualified benefits in accordance with Section 125 of the Internal Revenue Code, which presently include health insurance premiums, group life insurance, disability insurance, supplemental health and accident insurance, dependent care expenses, and such other types of employee benefits permitted under Section 125 and any other applicable sections of the Internal Revenue Code. Furthermore, the board may establish a long-term care plan for employees.

Alabama § 16-25A-43 (Establishment of Flexible Employee Benefit Plan; Long-Term Care Plan) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.