SECTION 260:40-19-3. Costs less than the flexible benefits allowance

Latest version.

If a participant elects benefits whose cost is less than the participant's flexible benefits allowance, the excess flexible benefit allowance will be paid to the participant as taxable compensation. This taxable compensation shall be paid to the participant in substantially equal amounts during the participant's period of coverage.

[Source: Added at 31 Ok Reg 1358, eff 9-12-14]

                    
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