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2024-2025 Health and Benefits Handbook

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TOWN OF CARY Benefits Handbook Page 27 HELPFUL INFO Benefits My Way Benefits My Way Instructions Eligible Expense Summary Flyer Program Guidelines Employee Spending Accounts NEWS FLASH If you are enrolled in the HDHP, your $3500 benefit is available to you through your HSA. QUESTIONS? Call Cary's designated P&A line at: (833) TWN-CARY or (833) 896-2279 for any questions ? CONTRIBUTIONS Cary contributes $3,500 to this account. The amount may change per year. You cannot contribute to this account. AVAILABLE FUNDS Funds are automatically available on the first day of coverage. If you enroll in the HDHP, Cary will contribute your $3500 Benefits My Way into an HSA instead. TYPES OF ELIGIBLE EXPENSES Eligible expenses span a variety of categories, including but not limited to, items used for educational, financial, childcare, health, and wellness purposes. A more detailing listing of expenses is available on CNET. USE OF FUNDS You can use these funds for expenses incurred during the plan year (July 1 – June 30). You have 30 days from the end of the plan year to submit for reimbursement.. Reimbursement will only be paid to active, eligible employees for eligible expenses while an active, eligible employee. Reimbursements will not be paid out to separated or terminated employees. Employees must submit a Lifestyle Reimbursement Account Claim Form to the P&A Group with dated receipts to show proof of purchase. Claims with receipts can be submitted online at www.padmin.com, via fax at 1-877-855-7105, or via mail. Employees will be reimbursed through Cary's payroll via direct deposit for approved receipts up to $3,500 less Federal and State taxes, Social Security, and Medicare. UNUSED FUNDS Unspent funds do not roll over to the next plan year and will expire each fiscal year on June 30.

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