Define a flex plan

Spending Account Only

A Spending Account Only flex plan is defined when the only benefit that is attached to the flex plan is reserve spending accounts. This is the type of plans where you can use pre-tax contributions for reimbursement of qualified medical or dependent care expenses. This type of flex plan involves minimal set-up, and enables the application to enforce the 12 month enrollment period that is normally a feature of spending account plans.

Full Flex Plans

There are major characteristics to a full flex plan: flex credits and the 12 month enrollment period. These are true for all employees associated with a full flex plan:

• At least one flex credit record must be defined for each flex plan year
• An employee must have a flex credit record for the flex plan year to enroll in any benefits
• An employee may receive or spend flex credits by enrolling in benefits
• The stop date for all benefits defaults to the last day of the flex plan year

You must associate a frequency table to flex plans for the application to determine when to allocate flex credits. All benefit plans within the Flex Plan must use the same frequency table as the flex plan. The frequency table determines both the amount of standard time records and the pay cycles when flex credits are added.