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Provess Flexible Benefits
4050 Katella Avenue, Suite 213
Los Alamitos, CA 90720

Phone: (866) 639-5289
E-Fax: (866) 264-4093
E-mail: admin@provess.com

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    MEDICAL REIMBURSEMENT ACCOUNT

    (Unreimbursed Medical)


    Reimbursement Account

    Qualified expenses under this category allow employees to have those expenses taken out of their paycheck on a tax-free basis. This allows you to be reimbursed from the first dollar you spend for medically related expenses. This includes expenses for you and your dependents. Several examples include reimbursements for co-pays, co-insurance, and deductibles covering medical, dental, vision, as well as costs for prescription drugs, and many other non-covered medical expenses.

    Certain over the counter (OTC) drugs can be included in this section (e.g. allergy, cold, flu and pain medications). However, vitamins and other dietary supplements are specifically excluded. Drugs and medical procedures for cosmetic purposes are also excluded under this section.

    Unused medical reimbursement dollars cannot be carried into the next plan year, thus any unused portion will be forfeited at the end of the current plan year.

    In order to be reimbursed, you need to copy billing statements or receipts and submit them with the completed voucher that you receive each month. The monthly voucher also provides you with the up-to-date balance of your account

    Without 125 Plan
    With 125 Plan
    $2,000 Salary $2,000 Salary
    $ -500 Taxes (25%) $ -100 Medical Expenses
    $1,500 $1,900
    $ 100 Medical Expenses $ -475 Taxes (25%)
    $1,400 $1,425
      You Save $25
     

    The example above is only for illustration purposes. Your individual savings could be higher or lower.


    Terms and Conditions


    To be eligible for reimbursement medical expenses must: Be incurred by you or an eligible dependent during the plan year, not to be reimbursable from any other source, must be claimed on your monthly reimbursement voucher and submitted along with proper “third-party verification” (i.e., copies of receipts, cancelled checks, EOB’s)

    My signature on my monthly reimbursement voucher certifies that the expenses submitted are deductible medical expenses and cannot be reimbursed from any other source or used as a deduction on my personal income taxes. Any dollar amounts that are not used during the plan year to provide benefits will be forfeited and may not be paid to me in case or used to provide benefits specifically for me in a later plan year.

    The expenses may not be paid or payable to any of your children who are under the age of 19 at the end of the year in which the expenses are incurred or to an individual who is declared as a dependent on your tax return.

    These health related expenses are reimbursable if they are considered “medical care” under Section 213© of the Internal Revenue Code.

    Some of these eligible expenses for reimbursement include but are not limited to the following:

    Acupuncture

    Glasses

    Oral Surgery

    Alcoholism and Drug Abuse

    Guide Dogs

    Orthodontia

    Ambulance

    Gynecologists

    Over the Counter Items (for specific ailments)

    Anesthetist

    Halfway House Residency

    Physiotherapist

    Artificial Limbs

    Hearing Devices

    Practical Nurse

    Birth Control

    Hospital Bills

    Psychiatrist or Psychoanalysis

    Blood Donor

    Insulin

    Psychologist

    Braille Books or Magazines

    Iron Lung Operating Costs

    RX – Prescription Drugs

    Childbirth Classes

    Laboratory Fees

    Rental of Medical Equipment

    Chiropractor

    Lip Reading Lessons

    Sanitarium

    Christian Science Practitioners

    Marriage Counseling

    Sex Therapist

    Crutches

    Midwife

    Support or Corrective Devices

    Dental

    Nurse

    Telephones for the Hearing Impaired

    Diathermy

    Nursing Home

    Therapy

    Examinations (Physicals)

    Obstetrician

    Transplants

    Eye Examinations

    Oculist

    Vasectomy

    Family Counseling

    Operations (Surgeries)

    Vitamins (for specific ailments)

    Food and Beverages

    Ophthalmology

    Wheel Chairs

    (for specific ailments)

    Optician or Optometrist

    X-Rays


    To enroll in the Medical Reimbursement Account click on the Election Form and:

       •Print your name, address, social security number
       •Print your company name
       •Enter the monthly medical reimbursement amount to the left of Unreimbursed Medical expense and initial
        to the right of the monthly amount.
       •Print the form
       •Sign the original and remit to:
        Provess
        4050 Katella Avenue, Suite 213
        Los Alamitos, CA 90720

    ** Please complete only one CLICK HERE for all benefit choices.


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