UC Only Visiting Faculty Onboarding Binder 2022

HEALTH AND DEPENDENT CARE SAVINGS/SPENDING PLANS HEALTH SAVINGS ACCOUNT (HSA)

ELIGIBLE ONLY WHEN ENROLLED IN HDHP MEDICAL PLAN 65%+ FTE FACULTY 75%+ FTE STAFF

ELIGIBILITY*

 EMPLOYEES MAY CONTRIBUTE PRE-TAX DOLLARS TO PAY ELIGIBLE HEALTH CARE EXPENSES THAT ARE NOT COVERED BY MEDICAL, DENTAL OR VISION PLANS  HSA BALANCE CARRIES OVER YEAR TO YEAR  UC CONTRIBUTION IS BASED ON TOTAL ANNUAL BASE PAY (UC + UCP)  MAXIMUM ANNUAL COMBINED EMPLOYER AND EMPLOYEE CONTRIBUTION:  $3,650 INDIVIDUAL  $7,300 FAMILY  $1,000 OVER AGE 55 CATCH UP CONTRIBUTION HEALTH EQUITY BANK– SAVINGS ACCOUNT AND DEBIT CARD FOR MORE INFORMATION: https://learn2.healthequity.com/anthembcbs-hsa/hsa/ EMPLOYEES HAVE 45 DAYS TO ENROLL VIA UC Flex/ESS  IF NO ELECTIONS ARE MADE WITHIN 45 DAYS, EMPLOYEES WILL BE AUTOMATICALLY ENROLLED IF HDHP MEDICAL COVERAGE IS SELECTED

PLAN INFORMATION

EMPLOYEE CONTRIBUTION

PLAN ADMINISTRATOR

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FLEXIBLE SPENDING ACCOUNTS (FSA): HEALTH CARE & DEPENDENT CARE

ELIGIBLE FOR HEALTH CARE FSA ONLY WHEN ENROLLED IN PPO MEDICAL PLAN OR IF MEDICAL COVERAGE IS WAIVED. 65%+ FTE FACULTY 75%+ FTE STAFF  EMPLOYEES MAY CONTRIBUTE PRE-TAX DOLLARS TO PAY ELIGIBLE DEPENDENT DAY CARE EXPENSES AND/OR HEALTH CARE EXPENSES THAT ARE NOT COVERED BY MEDICAL, DENTAL OR VISION PLANS  ANNUAL CONTRIBUTION MUST BE APPLIED TO EXPENSES INCURRED IN SAME PLAN YEAR  UNUSED BALANCES MAY BE CLAIMED UNTIL 02/28 OF THE FOLLOWING PLAN YEAR, AFTER WHICH THEY ARE FORFEITED DEPENDENT CARE: EMPLOYEES MAY CONTRIBUTE UP TO $5,000 PER CALENDAR YEAR HEALTH CARE: EMPLOYEES MAY CONTRIBUTE UP TO $2,400 PER CALENDAR YEAR

ELIGIBILITY*

PLAN INFORMATION

EMPLOYEE CONTRIBUTION

CHARD SNYDER FOR MORE INFORMATION : www.chard-snyder.com

PLAN ADMINISTRATOR

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EMPLOYEES HAVE 45 DAYS TO ENROLL VIA UC Flex/ESS

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