HR Policies: 6.8.7
Select Benefits Plan
Subject: Providing Benefits
Number: 6.8.7
Issued: 3/1/82
Revised: 6/30/98
Purpose
Select Benefits
is designed to enable employees to convert a portion of their salary to
nontaxable funds to pay unreimbursed medical expenses and dependent care
expenses (this may include elder care expenses) with pre-tax dollars.
Procedure
Enrollment in medical and dependent care reimbursement accounts
is voluntary and available to employees at predetermined times.
Participants are solely responsible for the validity of all claims.
Under federal law, any unused balance remaining in a reimbursement account at the end of the claims deadline for the plan year cannot be returned to the employee, or carried over to a new plan year.
Disclaimer
While every attempt has been made to ensure the accuracy of the
above summary, the legal documents, policies, or certificates pertaining
to this benefit prevail in the event of any discrepancy. This description
does not constitute a legal document.
Refer to the plan summary booklet, or contact the local hr representative or designee or Benefit Services (607) 255-3936 in the Office of Human Resources for more information.