Santur Presentation

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A Flex Plan allows you to pay for

• Group Health Insurance Premiums
• Certain Medical Expenses
• Dependent or Child Care Expenses

• TAX FREE !!!

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What do you mean
TAX FREE?
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You can place a portion of your salary (from
each pay period)into the Flex Plan before

• FICA (Social Security)
• 7.65
• Federal Taxes
• (Start at 15)
• State Taxes
• (Approximately 8)
• If you add up all of the taxes taken
• out of your paycheck each pay period,
• you will see that it is close to
• 30 - 40!!

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Group Health Insurance Premiums

• Pay your portion of the employer sponsored group
  health insurance premium
• You will lose nothing in this plan, you will only
  save money
• Dont forget to sign the enrollment form

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Medical Care Reimbursement AccountWhats
Reimbursable?

• Medical expenses NOT reimbursed by any
  insurance!!
• Certain over-the-counter medications
• Chiropractic Care
• Massage Therapy/Body Scans
• Dental / Orthodontics
• Vision
• Contact Lens/Solution
• Deductibles/Co-payments
• Laser Vision Correction

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Eligible Expenses

• In order to get expenses reimbursed, the expense
  must be..

MEDICALLY NECESSARY!!!!

• No Vitamins or Dietary Supplements
• No Toiletries/Sundry Items (toothpaste,
  tissue, etc.)
• No lotions, soaps, creams, suntan lotion,
  etc.
• Nothing cosmetic in nature
• For more information on qualified expenses, visit
  us on the web at www.goigoe.com.

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Dependent Care

• Pay for child care / dependent care expenses up
  to 5,000 per year
• If the dependent is a child the child must be
  under the age of 13
• If the dependent is over the age of 13, they must
  be physically or mentally incapable of taking
  care of themselves
• Must provide taxpayer ID or SS of person or
  organization providing care
• Visit us on the web at www.goigoe.com for
  more information on Dependent Care, in addition
  to a sample
• Dependent Care Receipt

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Plan Specifics

• Plan year begins March 1, 2007 and ends February
  28, 2008
• Plan Year Medical Maximum2,500.00
• Plan Year Dependent Care Maximum 5,000.00
• Reimbursement Requests will be processed every
  other Monday (same week as payday) and will be
  added to your paycheck.

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Submitting In A Request For Reimbursement

• Fax, Mail, or e-mail copies of receipts to

• Must be received 4 FULL business days prior to
  processing
• General Rule of Thumb submit your requests on
  payday for reimbursement on the following
  paycheck
• Receipts must show date of service and the
  description of the service that was provided
• Charge card or cash register receipts, or
  cancelled checks (without detailed description)
  are not acceptable
• Balance due statements (without detailed
  description) will not be accepted
• If your request form is filled out incorrectly,
  or receipts and proper documentation are missing,
  a letter will me emailed to you explaining why
  your request is being denied.

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Can I stop or change contributions during the
plan year?

• NO, unless there is a
• Marriage
• Divorce/Legal Separation
• Birth
• Death
• Adoption/Change in Legal Guardianship
• Change in spouses job
• Change in spouses insurance
• If you have questions about a possible
  qualifying event, please contact your Human
  Resources Department or visit our website,
  www.goigoe.com

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How do I join the plan?

• Determine if you are an eligible employee
• Estimate your non-covered expenses
• Complete the enrollment form
• Complete the Evergreen Election Form

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What if I dont use all the
money I put into the plan?

You lose it!!

• Dont let this happen to you!!
• Only put in money for your planned expenses
• Use the worksheet provided on our website,
  www.goigoe.com, or in your enrollment packet

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Flex vs. No Flex
Before Flex With Flex
Gross Pay 32,000 32,000
Pretax Expenses (1) 0 2,000
Taxable Gross 32,000 30,000
Taxes (2) 9,600 9,000
Net Pay 22,400 21,000
Reimbursable Expenses 0 2,000
Spendable Income 22,400 23,000

1. Group insurance premiums, unreimbursed medical
   expenses, and child care expenses
2. Estimated FICA, Federal Income Tax, State Income
   Tax (30)

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• Visit us on the web _at_ www.goigoe.com

• Download forms and worksheets
• Access lists of covered/non-covered expenses
• Medical Care Reimbursement Account
• Dependent Care Reimbursement Account
• Direct link to the I.R.S. for complete technical
  information
• Submit questions and receive expert answers
• Check Flexible Benefit Plan account balance/s
  24/7
• Track all requests and reimbursements
• Visit the FSA Online store to purchase OTC items
  with your Debit Card. All transactions are
  approved at point of sale. That means NO receipt
  substantiation!!!