|
|
|
|
|
|
| |
 |
|
 |
Health
State PPO
HMO
Life Insurance
Dental
Vision
Supplemental
|
|
|
 |
|
 |
|
Limited Purpose Medical Reimbursement Account
|
You can use the Limited Medical Reimbursement Account to cover eligible
healthcare expenses not covered by your dental and vision plans and over
the counter medications when you are enrolled in a Health Investor Medical
Plan and a Health Savings Account. When you use this account, you don’t
pay federal income taxes on the money in your account.
You may set aside from $60 to $5,000 each year to cover eligible expenses
during the year. Your contributions come out of your pre-tax pay in equal
installments each pay period. Use the Limited
Medical Reimbursement Account Estimator to help you evaluate the tax
savings and decide whether to participate.
|
|
|
| |
|
2011 plan year
|
January 1, 2011 and March 15, 2012
|
April 15, 2012
|
|
2012 plan year
|
January 1, 2012 and March 15, 2013
|
April 15, 2013
|
|
Eligible Expenses
|
|
Money can be set aside for:
- Dental and vision plan deductibles
- Dental and vision care expenses
- Orthodontia not covered by a dental plan
- Over-the-counter medications (doctor’s prescription required to be eligible for reimbursement)
|
The IRS lists these non-eligible expenses:
- Health services and supplies, including prescription drugs,
that are considered covered services under your state health
plan, if you are enrolled in a Health Investor medical plan and
a Health Savings Account
- Your contributions for outside health or life insurance
- Employer health premiums of any kind
- Procedures or expenses not medically necessary
- Weight loss programs not prescribed by a doctor
|
|
|
|
