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02/18/2021 (2)
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02/18/2021 (2)
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Last modified
6/11/2021 4:53:13 PM
Creation date
6/11/2021 4:52:31 PM
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Meetings
Meeting Type
BCC Special Called Workshop
Document Type
Agenda Packet
Meeting Date
02/18/2021
Meeting Body
Board of County Commissioners
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Martin County Sheriff's Office I Employee Benefit Highlights 12020-2021 HRA ' <br /> • <br /> Health Reimbursement Account(for BlueOptions Alternative Health 5360 Plan Participants Only)(Continued) <br /> What is the difference between an HRA and an FSA? <br /> Health Reimbursement Account(HRA) Flexible Spending Accounts(FSA) <br /> ✓ Employer Funded Account ✓ Employee Funded Account <br /> ✓ HRA funds will be deposited upon timely completion of ✓ Employee does not have to be enrolled in the Alternative <br /> Biometric Screening and Health Risk Assessment Health 5360 Plan to participate <br /> ✓ Funds for employee and dependent(s)who are enrolled in ✓ Employee must enroll annually <br /> the Alternative Health 5360 Plan and complete criteria ✓ Unused funds will be forfeited at the end of the plan year, <br /> ✓ Unused funds may be rolled over year to year as long as except the$550 rollover amount allowed by the IRS(once <br /> accumulated amount and funded amount does not exceed the filing deadlines have expired). If employee does not <br /> current plan year deductible enroll annually, any accumulated rollover funds will be <br /> forfeited <br /> What are some examples of qualified expenses that would be eligible for reimbursement? <br /> ✓ Ambulance Service ✓ Drug Addiction/Alcoholism Treatment ✓ Nursing Services <br /> ✓ Birth Control Pills ✓ Prescription Drugs ✓ Optometrist Fees <br /> ✓ Chiropractic Care ✓ Experimental Medical Treatment ✓ Surgery <br /> ✓ Corrective Eyeglasses and Contact Lenses ✓ Hearing Aids and Exams ✓ Wheelchairs <br /> ✓ Dental and Orthodontic Fees ✓ Injections and Vaccinations ✓ X-rays <br /> ✓ Diagnostic Tests/Health Screenings ✓ In Vitro Fertilization <br /> ✓ Doctor Fees ✓ LASIK Surgery <br /> Please Note:For information on these methods,see Revenue Ruling 2003-43 on page 935 of Internal Revenue Bulletin(IRB)2003-21 at www.irs.gov/pubfirs-irbs/irb03-21.pdf,Notice <br /> 2006-69,2006-31 I.R.B.107 available at www.irs.gov/irb/2006-31_IRB/arl0.html,and Notice 2007-2,2007-21.R.B.254 available at www.irs.gov/rb/1007-2 IRB/ar09.html <br /> If employee has the HRA and also elects an FSA,FSA monies will be used first.FSA is employee funded and <br /> allows a maximum of$550 of unused funds to rollover,year to year. <br /> Discovery Benefits I Customer Service:(866)451-33991 www.discoverybenefits.com <br /> 117 <br /> 8 <br /> 02016,Gehring Group,Inc.,All Rights Reserved <br />
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