2020 Winter HR Insider Newsletter

Benefits HEALTH REIMBURSEMENT ARRANGEMENT (HRA)

2020 funds are now available! You can log into your Proficient account to view your account balances. A health reimbursement arrangement sometimes re- ferred to as a health reimbursement account is an IRS approved, employer funded, tax-advantaged health benefit used to reimburse employees and their depen- dents for qualified medical expenses. Your 2020 HRA amount is tied to the Humana medical plan you select- ed during open enrollment or as a new hire for plan year 10/01/19 - 09/30/20. If you have an out- standing balance $1,000 for those enrolled in the NPOS (National Point of Service) plan. in your 2019 HRA account, your funds will rollover mid- April to your 2020 account after a 90 day run- o u t period which ends on March 31, 2020. The run-out period allows you to submit expenses in 2020 for ex- penses incurred in 2019. As a reminder, you cannot use your Proficient card to pay for 2019 expenses. You must submit your eligible out of pocket expenses by sistance paying down personal student loan or parent student loan accounts by contributing $50 per month as a secondary payment directly to principal balanc- es. Goodly will serve as our third party administrator and will manage the program by verifying accounts and facilitating payments directly to the student loan servicer. Employees can sign up at goodlyapp.com. Student loan status must be in good standing and employees must continue to make their monthly loan payments on time each month.

completing a claim form . If your 2019 balance exceeds $4,000 on April 1st, funds over the amount will roll over into a Retirement Health Savings (RHS) administered

$4,000 for those enrolled in the HDHP (High Deductible Health Plan)

by ICMA-RC. For example, if you have $5,000 in your 2019 account, $1,000 will rollover into an RHS account and $4,000 will be combined with your 2020 amount. Participation in the RHS program is mandato- ry, employees may not choose to opt out. Employees are eligible to receive medical expense benefits from their RHS account at separation from service and upon completing at least five years of con- secutive full-time service. You can view your balance by logging in to your ICMA account at ICMARC account access and click- ing on plan #801871 if you have completed an RHS enrollment form in the past. You may contact Hilda Campos at extension 127 with any questions.

STUDENT LOAN REPAYMENT BENEFIT Managing student loan debt is an issue that impacts more than 45 million Americans and has exploded to a na- tional total of more than $1.6 trillion. Effective February 1st, the EAA will be offering full-time employees as-

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Goodly also provides value-added services such as planning tools, calculators and student loan counseling. Em- ployees can also invite friends and family to make payments directly to their student loans by using Goodly’s software. If you have any questions regarding the program or registration process, please email support@good- lyapp.com.

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