Reminder: June 2014 Grace Period Being Applied to Medical Flex Plan

For the current year, the Agency’s medical flexible benefit plan runs from June 1, 2013 to May 31, 2014. As we transition to a July 1 to June 30 plan year, a one-time, one-month grace period will occur in June 2014. For the month of June 2014, flexible medical deductions and administrative fees will not be deducted from employee pay. Deductions for dependent care will still occur in June 2014. 

Covered expenses incurred during the June 2014 grace period will be reimbursed to the extent the employee has unused funds as of May 31, 2014. Employees will have until July 30, 2014 to submit claims for costs incurred prior to June 30, 2014. Funds not claimed by July 30, 2014 will be forfeited. 

The new medical flexible benefit plan year will run from July 1, 2014 to June 30, 2015. If you signed up for the medical flexible benefit plan during the recent benefit enrollment, monthly medical deductions and administrative fees will be begin again in July 2014. Going forward from June 30, 2015 employees will now be allowed to carry over a maximum of $500 to the following year. 

If you have any questions, contact Juliette Houseman, Benefits Specialist, at jhouseman@heartlandaea.org or ext. 14315 or Steve Jordan, Senior Payroll Specialist, at sjordan@heartlandaea.org or ext. 14908.