Page 10 - Nortek California Employee Guide
P. 10
Open
Enrollment
Important Changes to FSA Program in 2015
Effective January 1, 2015 our FSA program will be administered
through UnitedHealthcare (UHC). Please note: this is not a change
for all locations. Since UHC also administers our account based
medical programs, if you enroll in one of our UHC plans and elect to
participate in the FSA program you can manage your medical and FSA
claims at the same time through myUHC.com. Dependant Care FSA
contributions will be loaded onto the same debit card as the Heathcare
FSA.
Additionally, in the 2015 plan year we are adopting a new $500
rollover FSA provision. Previously, you needed to “use or lose”
FSA dollars by the end of the plan year. In 2015, you can rollover
up to $500 of unused FSA dollars into your account to use in the
2016 plan year. The amount you rollover is in addition to your
regular annual election.
Restricted Debit Card
When you enroll in the healthcare FSA you will receive a restricted
debit card to use for FSA eligible expenses. Your FSA debit card
eligible expenses include dental, vision, pharmacy, and over-the-counter
medications with a written prescription from your doctor. Under
the UHC HRA plan, any expenses you incur to satisfy your medical
deductible or out-of-pocket maximum are directly applied toward your
HRA account. Additionally, in the HRA plan, when you have a copay
expense you are required to pay out-of-pocket irst, and due to a new
rollover feature you will receive an auto reimbursement for the copay
expenses without submitting a claim form. This reimbursement will be
reimbursed into your HRA. This copayment reimbursement does not
apply if you participate in the Kaiser HMO
10
Enrollment
Important Changes to FSA Program in 2015
Effective January 1, 2015 our FSA program will be administered
through UnitedHealthcare (UHC). Please note: this is not a change
for all locations. Since UHC also administers our account based
medical programs, if you enroll in one of our UHC plans and elect to
participate in the FSA program you can manage your medical and FSA
claims at the same time through myUHC.com. Dependant Care FSA
contributions will be loaded onto the same debit card as the Heathcare
FSA.
Additionally, in the 2015 plan year we are adopting a new $500
rollover FSA provision. Previously, you needed to “use or lose”
FSA dollars by the end of the plan year. In 2015, you can rollover
up to $500 of unused FSA dollars into your account to use in the
2016 plan year. The amount you rollover is in addition to your
regular annual election.
Restricted Debit Card
When you enroll in the healthcare FSA you will receive a restricted
debit card to use for FSA eligible expenses. Your FSA debit card
eligible expenses include dental, vision, pharmacy, and over-the-counter
medications with a written prescription from your doctor. Under
the UHC HRA plan, any expenses you incur to satisfy your medical
deductible or out-of-pocket maximum are directly applied toward your
HRA account. Additionally, in the HRA plan, when you have a copay
expense you are required to pay out-of-pocket irst, and due to a new
rollover feature you will receive an auto reimbursement for the copay
expenses without submitting a claim form. This reimbursement will be
reimbursed into your HRA. This copayment reimbursement does not
apply if you participate in the Kaiser HMO
10
