The Jacobs Company;Employee Group Insurance

The Jacobs Company Employee Benefit Plans & Services Flexible Spending Accounts

(FSA)

Flexible Spending Accounts are a type of "cafeteria plan," commonly used among smaller employers.

Participating employees generally elect to have their salary reduced each month. The employer then uses these funds to pay for certain benefits with "before-tax" dollars. The most typical benefits include the following:

            A. Health Insurance Premiums
            B. Medical expenses not otherwise covered
            C. Dependent care expenses

Tax Benefits
FSA'S Which Include Health Benefits

Group Health Insurance

Cobra Coverage Continuation

Cafeteria Compensation Plans

Medical Reimbursment Plans

Health Care Portability

Group Medical Insurance Plans

Please refer to our Health Insurance Section as we are developing the Employee Benefits Section

This document was last modified on July 26, 1999