You can find the following information by benefit plan, depending upon the benefit:
Plan summaries and details
Rates and premium deductions
Section 125 Plan Information and Rules
A Section 125 Plan provides a tax-saving way to pay for eligible medical or dependent care expenses. The funds are automatically deducted from your paycheck on a pre-tax basis.
Here’s How It Works
A Section 125 Plan reduces your taxes and increases your spendable income by allowing you to deduct the cost of eligible benefits from your earnings before tax. Plus, the plan is available to you at no cost, and you’re already eligible. All you have to do is enroll.
Is It Right for Me?
The savings you may experience with a Section 125 Plan are outlined below. By utilizing the Section 125 Plan, you would have $70 more every month to apply toward insurance benefits or other needs. That’s a savings of $840 a year!
You cannot change your benefit elections for the plan year unless the benefits office receives notification in writing within 31 days of the status change. If the Benefits Office is not notified within 31 days of the status change, no benefit change can be made until the next annual Open Enrollment.
IRS specified changes in family status include:
Change in legal married status
Change in number of dependents
Termination or commencement of employment
Dependent satisfies or ceases to satisfy dependent eligibility requirements
Change in residence or worksite that affects eligibility for coverage
This site contains a summary of the benefits offered by your employer. If there is a conflict between the terms of this outline of benefits and the actual contracts, the terms of the contracts will prevail.