2007-204 Council Resolution - Laserfiche WebLink

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• • • Participant's election of benefits on a prospective basis in a manner that is consistent with the Status Change; (c) as further described in Section 4.6, an election to contribute to an HSA may be changed at any time on a prospective basis. Notwithstanding the foregoing, a Participant may switch from Limited - Purpose Health Care Reimbursement Coverage to General - Purpose Health Care Reimbursement Coverage at any time during a Period of Coverage up to and including the last day of the Plan Year; provided, that a Participant may not make a corresponding Election Change to increase or decrease Pretax Contributions for Health Care Reimbursement Coverage, unless the Election Change is consistent with a Change in Status. If a Participant changes from Limited - Purpose Health Care Reimbursement Coverage to General - Purpose Health Care Reimbursement Coverage, his or her Pretax Contributions and reimbursements under the Limited - Purpose plan shall be taken into account in determining the amount of coverage available under the General - Purpose plan for the balance of the Plan Year. Medical Care expenses incurred prior to the date that a Participant changes from the Limited - Purpose plan to the General - Purpose plan, but not previously reimbursed, shall be payable from the General- Purpose plan (if sufficient coverage remains in the Limited Purpose plan at the time of reimbursement), and a corresponding reduction shall be made to the coverage available under the General Purpose plan. Section 4.6 Election Change for HSA Benefits. A Participant who has enrolled in the HDHP and is an eligible individual under Section 223(c)(1) of the Code may start or stop an election to contribute to an HSA, or increase or decrease the amount of the election, as long as the change is effective in the following month. Rules that govern election changes following a "Change in Status" or a "change in Cost or Coverage" do not apply to Employer contributions or Pretax Contribution to HSAs. 5.2.2 Health Care Reimbursement Coverage. A Participant may elect to receive health care reimbursement coverage under one of two separate plans: (1) a plan for General - Purpose Health Care Reimbursement Coverage, or (2) a plan for Limited - Purpose Health Care Reimbursement Coverage. General - Purpose Health Care Reimbursement Coverage shall be available to Participants who do not intend to contribute to an HSA and are not "eligible individuals" under Section 223(c)(1) of the Code. Limited - Purpose Health Care Reimbursement Coverage shall be available to Participants who have elected coverage under the HDHP and intend to contribute to an HSA. Limited - Purpose Health Care Reimbursement Coverage shall also be available to Participants whose spouses are covered under an HDHP of another employer, so that those spouses remain eligible to contribute to an HSA. Both General - Purpose and Limited Purpose Health Care Reimbursement Coverage plans are governed by the terms and conditions of this paragraph 5.2.2. (a) Maximum Coverage Amounts. Participants receiving General Purpose Health Care Reimbursement Coverage may elect to receive medical reimbursement coverage of up to a maximum coverage of Three Thousand Dollars ($3,000) per Plan Year. Participants receiving Limited - Purpose Health Care Reimbursement Coverage may elect to receive medical reimbursement coverage of up to a maximum coverage of Three Thousand Dollars ($3,000) per Plan Year.