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You have until March 15, 2015, to incur eligible expenses to use the remaining funds in your 2014 health care or dependent daycare flexible spending account and until March 31, 2015, to submit these expenses. According to IRS regulations, if you do not incur and submit expenses for the 2014 plan year (January 1, 2014, to March 15, 2015) by the deadline, you will lose any unused portion under the “use it or lose it” provision. Your claim form must be faxed or postmarked by March 31, 2015, without exception, to ADP, the administrator of the flexible spending accounts.
The points you earn by participating in Wellness Program activities, including the wellness assessment, can be used in 2016 to reduce the cost of UPlan Medical Program coverage. When you achieve the required number of points by August 31, 2015, your 2016 premiums will be reduced by $400 or $600 based on the tier of medical coverage you have.
You have an opportunity when needed to review coverage levels or an eligibility situation with your reference guides, the 2015 Summary of Benefits for both the UPlan Medical and Dental Programs. Take some time to become familiar with the information in the summaries.
To help you achieve your financial goals, you can access the University of Minnesota benefit, Financial Choice, from LSS Financial Counseling. With Financial Choice, you and your family members are eligible for up to six sessions of free, confidential financial counseling.
Participating in the Medication Therapy Management program may help improve your health outcomes and understanding of your medications when you meet with a specially trained pharmacist. Consider enrolling in MTM if you take four or more covered medications for chronic conditions.
You may have questions about the Affordable Care Act (ACA,) the new federal health reform law, so we put together some ACA background materials to explain the important points.
Use the Benefits Enrollment self-service action to select your medical, dental, and optional benefit choices.
Quick answers to benefits-related questions about these common life events:
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