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Cafeteria
Plan - Section 125
Magnuson, McHugh & Co.
July
1, 2006 - June 30, 2007 |
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Information provided is
in summary format. Any difference between the summary
provided and actual contract will be settled in favor of the
contract.
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Eligibility |
You will be eligible
to join the Plan once you have satisfied the
conditions of coverage under the Group Medical Plan. |
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Plan
Benefits |
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Health Care Reimbursement Plan
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Dependent Care Assistance Account
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Premium Expense Account
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Annual
Benefits Limitation |
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Health Care Reimbursement Plan - $10,000
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Dependent Care Assistance Account - $5,000
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Plan
Year |
July 1 through June 30 |
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Medical
Related Expenses |
(Many) health care expenses incurred by you and your
family not covered by a health insurance plan, such as
deductibles, co-payments, and some over the counter
medicines and products.
Click here to find out which Medical, Vision,
Dental & Hearing Expenses Qualify for Reimbursement. |
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Dependent
Care Expenses |
Dependent care expenses incurred to allow you and
your spouse to work, look for work or be a full time
student. For children under the age of 13 or
disabled dependents. |
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Mid-Year
Termination and Permitted Changes to Plan
Contributions |
Contact
Paige Woods at Magnuson, McHugh, & Company (208)
765-9500
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Time
Frame to File Claims
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No
later than 90 days after the end of the Plan Year in
which the expense was incurred.
Click here to check your account balance. |
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Unused
Contributions
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Expenses incurred during the Grace Period that ends
on Sept. 15th will automatically be paid from the
prior year balance if there is one. Unused
contributions that remain in the account after the
90 days will be forfeited. |
