Amherst Plan

The Amherst Plan is a flexible spending plan established under Section 125 of the Internal Revenue Code. All regular employees may elect annually to pay for certain eligible expenses with before-tax salary dollars. By excluding these dollars from income for federal, state and Social Security tax purposes, less income tax is due at year-end. When eligible expenses for medical care or dependent care are submitted, the employee is reimbursed from his or her account.

Amherst Plan

The Amherst Plan is a flexible spending plan established under Section 125 of the Internal Revenue Code. All regular employees may elect annually to pay for certain eligible expenses with before-tax salary dollars. By excluding these dollars from income for federal, state and social security tax purposes less income tax is due at year-end. When eligible expenses for medical care or dependent care are submitted, the employee is reimbursed from his or her account.