COUNTY OF SANTA CRUZ HEALTH CARE FLEXIBLE SPENDING ACCOUNT

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COUNTY OF SANTA CRUZHEALTH CARE FLEXIBLE
SPENDING ACCOUNT
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Health Care FSA

• Employee-funded account for the reimbursement of
  expenses not covered by insurance
• Pre-tax funding of elective contributions for
  known, budgetable expenses
• 2,400 plan year maximum benefit election
• Uniform Coverage Rule full benefit is available
  on any day of the Plan Year

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Health Care FSA

• Claims Administrator Creative Benefits, Inc.
• www.crbenefits.com
• Internet access to claims status and account
  balances
• Direct Deposit of claim payments is available
• Optional Health Care FSA Payment (Debit) Card
• - Additional 14.40 annual fee
• - Annual fee for the Payment Card is deducted
  from the participants FSA account in January

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Health Care FSA

• Eligibility for participation in the FSA
• - Employees in permanent, budgeted positions,
  and employees in positions defined as limited
  term
• - Employees do not have to be covered in any of
  the Countys group insurance plans in order to
  participate in the Health Care FSA
• - Dependents must meet IRS definitions in order
  for their expenses to be covered

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Health Care FSA Example of Estimated Tax Savings
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Health Care FSA
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Health Care FSA

• Expenses have to be incurred during the Plan Year
  (January 1 through December 31)
• Plan Year is extended 2 ½ months into the next
  Plan Year for eligible expenses to be incurred
• Claims incurred from 1/1/08 through 3/15/09 can
  be reimbursed from the 2007 Health Care FSA
  account if a surplus exists at the end of the
  plan year on 12/31/07

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Health Care FSA

• eligible expenses will be reimbursed from the
  prior years balance first, then from the current
  years balance
• all expenses that are to be reimbursed from the
  2007 Plan Years election must be submitted by
  3/31/08
• Un-reimbursed contributions are forfeited by the
  plan participant
• Receipts must be provided to Creative Benefits
  for all expenses

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Flexible Benefit PlanEmployee Enrollment

• Health Care FSA enrollment cannot be changed
  during the plan year without a qualified status
  event
• Death / divorce / legal separation
• Marriage
• Change in number of dependents
• Change in employment status

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TAX CALCULATOR
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TAX CALCULATOR
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TAX CALCULATORpassword creative
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TAX CALCULATORpassword creative
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COUNTY OF SANTA CRUZHEALTH CARE FLEXIBLE
SPENDING ACCOUNT