Monday, April 2, 2018

Human Resources: Medical Flex Accounts - Did You Know?

With annual benefit enrollment getting started, did you know these things about Medical Flex Accounts?  
  • Even if you only participate in single coverage health and/or dental benefits, you can still submit claims for any out of pocket medical, dental, vision and/or prescription expenses for your spouse and/or dependents against your Medical Flex Account. 
  • Your Medical Flex Account is for expenses incurred during the benefit plan year (July 1 through June 30), but you can roll over up to $500 per year into the following benefit plan year. (It is not cumulative, and it is maxed at $500 annually per IRS regulations.) 
  • If you enroll into the Medical Flex Account, you will be issued a “Benny card,” which is a debit card you can use with providers who except it, and then you don’t have to manually input your request(s). Although depending on the provider/service, 121 Benefits may require a receipt to confirm your debit transaction. 
  • You can be reimbursed for allergy medicine through your Medical Flex Account, but you will have to have a prescription for it since most allergy medications are now over the counter and not eligible for reimbursement. However, most doctors will write you a prescription for your allergy medicine if you have been diagnosed with allergies and continually use allergy medication. 
  • HR has updated its “Contact Us” page on the Intranet under the Human Resources link. The page has been laid out differently in order to make it easier for you to search for the topic you need assistance with. Check it out by going to the Intranet > Human Resources > Contact Guide.   

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