Description: Description: Crosby Connection

 

August 2011: In This Issue

Bipartisan Support To Eliminate FSA Rules: OTC Restrictions & Use-It-Or-Lose-It

New FSA Mileage Rates: Effective 7/1/2011

Don't Ignore List Bill Reconciliation

Reimbursement Account Portal Features Are Here

Calendar

August 10-12: ECFC's 24th Annual Flexible Benefit Administrators' Symposium @ the Mohegan Sun Casino, Uncasville, CT

September 5: Labor Day; Crosby Offices will be closed

 

FSA Reminder

 

Effective for taxable plan years starting in 2013, barring any legislative changes, a new $2,500 limit will be imposed on Medical FSA annual elections. The limit will be indexed to the Consumer Price Index starting in 2014.

 

Did You Know . . .


. . . You can streamline your commuter program and add revenue?


> Quick Implementation

> Easy-To-Use

> All Major Metro Areas Covered

> Fully Automated

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. . . We can manage your HIRD Form process?
Are you complying with your 30-day deadlines?

> After Open Enrollment

> New hires who turn
down coverage

> Employees who drop coverage

Our process is designed to distribute, track and store Employee HIRD Forms so that you don't have to.

For more information about any of our services, please contact Jean Sicurella
via email or call 617-630-0496.

 

Request A

Team Roster

We use a client-centered team approach to best meet your needs. For your team roster, please email us here.  

Bipartisan Support For FSA Rule Changes

Some In Congress Aim to Change OTC Rule And Use-It-Or-Lose-It

 

Description: Description: http://farm4.static.flickr.com/3173/2918282233_5c91cce1d2_m.jpgSponsored by Sens. Ben Nelson (D-Ne) and Pat Roberts (R-Ks) and Reps. Lynn Jenkins (R-Ks) and Shelley Berkley (D-Nv), legislation was recently introduced to repeal a portion of the National Health Care Reform Law (specifically Section 9003 of the Affordable Care Act (ACA)). The current rule prohibits FSA Account holders from purchasing over-the-counter (OTC) medications without a doctor's prescription. This portion of the law went into effect on January 1, 2011. 

 

Also submitted was Medical Flexible Spending Account Improvement Act, S. 1404, a bill that would allow Medical FSA participants to pay taxes on and withdraw unused funds from their account at the end of the plan year. This would replace the current use-it-or-lose-it rule. This Act is being sponsored by Sens. Ben Cardin (D-Md) and Mike Enzi (R-Wy).

Although the outlook for these legislative bills is still uncertain, they are just two of a handful of bills that have received bipartisan support for eliminating restrictive FSA rules.

 

New FSA Mileage Rates as of July 1st

4.5 Cent Increase Over The First Six Months Of 2011


Description: Description: http://farm3.static.flickr.com/2726/4192374645_2195096bcb_m.jpgThe FSA mileage reimbursement rate has been increased by the IRS as of July 1, 2011. The new automobile-mileage deduction rate, for transportation to obtain medical care or as part of deductible moving expenses, will increase to 23.5 cents per mile, up from 19.5 cents for the first six months of 2011.

 

Don't Forget To Reconcile Your List Bills

Regular Review Necessary to Ensure Accurate Payments

 

Description: Description: http://farm3.static.flickr.com/2762/4192978339_a5076059fb_m.jpgReconciling your Medical, Dental and Vision list bills on a regular basis is an important step you should take to ensure your carrier payments are being made accurately; ignoring this review process may be detrimental to your bottom line. As a reminder, all final responsibilities and final authority for Group Health Plans are retained by the Employer. Crosby's monthly reporting is provided to clients to assist with the following Employer responsibilities:
 

Making required payments under the Group Health Plan(s).
 

Reconciliation of carrier invoices.
 

Coordination between Group Health Plan carrier(s) and participants regarding verification of dependent and/or student status and the communication of any changes to Crosby.

Crosby can assist with ongoing List Bill Reconciliation as an "add on" service to our billing account administration. Please contact
Darla Rosenfeld for details.

 

Reimbursement Account Portal Updates Are Here

New User Interface and Features Implemented For Easier Use

 

Description: Description: http://farm3.static.flickr.com/2638/4072811077_616dae6d6f_m.jpgAs a reminder, the new design of our Reimbursement Portal was rolled out successfully over the weekend of June 25-26. The improved user interface and features, based on user feedback, are targeted to improve functionality and usability. Some of the key changes include a new color scheme and workflow design, grouped user links (e.g. Enter New Claim, Enter Help Tickets and Order Debit Card, if applicable) and a combined "Manage Claims and Card Transactions" link.
 


 

Don't forget to help us promote our Go Green! Please help us promote our E-Communications and Direct Deposit programs for Reimbursement Account holders. Enrollees benefit by receiving many communications via email and will receive reimbursement payments faster with Direct Deposit (instead of waiting for a mailed check). Participants may sign up via MyCrosbyBenefits.com.

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The Crosby Connection Newsletter is intended for Crosby Client Contacts.

2011 Crosby Benefit Systems