meritain section 125 flexible benefits program flex for dachser transport n.
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Meritain SECTION 125 FLEXIBLE BENEFITS PROGRAM -- “FLEX” FOR DACHSER TRANSPORT PowerPoint Presentation
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Meritain SECTION 125 FLEXIBLE BENEFITS PROGRAM -- “FLEX” FOR DACHSER TRANSPORT. PUT PRE-TAX MONEY INTO FLEX. DECREASE YOUR TAXES INCREASE YOUR SPENDABLE INCOME. 3 COMPONENTS OF FLEX. PREMIUMS (POP) HEALTH CARE REIMBURSEMENT (FSA) DEPENDENT CARE REIMBURSEMENT (DCAP). PREMIUMS (POP).

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put pre tax money into flex
PUT PRE-TAX MONEY INTO FLEX

DECREASE YOUR TAXES

INCREASE YOUR

SPENDABLE INCOME

3 components of flex
3 COMPONENTS OF FLEX

PREMIUMS (POP)

HEALTH CARE REIMBURSEMENT (FSA)

DEPENDENT CARE REIMBURSEMENT (DCAP)

premiums pop
PREMIUMS(POP)

MEDICAL INSURANCE PREMIUMS

DENTAL INSURANCE PREMIUMS

health care reimbursement account
HEALTH CARE REIMBURSEMENT ACCOUNT
  • Covers unreimbursed medical expenses.
  • Flex pays after medical/dental insurance has considered the claim.
  • Insurance coverage does not have to be through your employer.
  • Flex covers you and your dependents.
  • Cosmetic procedures and services are not eligible.
health care reimbursement account1
HEALTH CARE REIMBURSEMENT ACCOUNT
  • Examples of eligible expenses
  • Deductibles
  • Co-Insurance
  • Co-Payments
  • Dental Exams, Fillings, Crowns
  • Bridges, Dentures
  • Orthodontic Treatment
  • Eye Exams
  • Lasik Surgery
  • Contact Lenses and Glasses
  • Contact Maintenance Supplies
  • Hearing aids and hearing aid batteries
dependent care reimbursement account
DEPENDENT CARE REIMBURSEMENTACCOUNT
  • Dependent Care to age 13
  • Pre-School Tuition
  • After School Care/Latchkey Program
  • Special Adult Care
slide8

PLAN YEAR JANUARY 1, 2006 – DECEMBER 31, 2006HEALTH CARE REIMBURSEMENT ACCOUNT MAXIMUM$5,000DEPENDENT CARE REIMBURSEMENT ACCOUNT MAXIMUM$5000 if filing joint tax return $2500 if filing separate tax returns

eligibility
ELIGIBILITY
  • All full time employees over the age of 18 working 40 or more hours per week
  • Eligible on the date of hire
automatic rollover
AUTOMATIC ROLLOVER
  • Available for employees with Meritain medical or dental coverage and no secondary insurance.
  • For claims processed through Medical, Explanation of Benefits (EOBs) automatically submitted to Flex for reimbursement.
  • Fewer paper claims to submit.
  • Prescription drugs for which there is a copayment, will not roll over.
  • This is an optional benefit that must be re-elected each year.
change in status
CHANGE IN STATUS
  • Change In Marital Status
  • Change In Number Of Dependents
  • Change In Employment Status (Employee or Spouse)
  • Change In Dependent Eligibility
  • 30 Days to notify Employer and Meritain
end of the plan year
END OF THE PLAN YEAR
  • 60 Days Or Until February 28 To Submit Expenses Incurred Prior To December 31, 2006
  • Terminated Employees Have 60 Days From Their Termination Date To Submit Expenses Incurred Prior To Termination
important points to remember
IMPORTANT POINTS TO REMEMBER
  • Election must be made prior to the start of the plan year.
  • Once an election is made, it is irrevocable. (except for a qualified change in status)
  • Claims considered on date of service not on date (or amount) of payment.
  • Claims must be incurred within the plan year.
  • If an election is not used, it is forfeited.
  • You must have custody to participate in the Dependent Care Reimbursement.
online inquiry www meritain com
ONLINE INQUIRYwww.Meritain.com

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