UFCW LOCAL 1776 and PARTICIPATING EMPLOYERS
HEALTH and WELFARE FUND

How It Works

You will be asked to decide how many of your Flexible Plan Benefits Plan Benefits Credits you would like to deposit in the Medical Flexible Spending account for the calendar year.

Once an account is established for you, you may submit claims for qualified expenses (such as health care co-payments, deductibles and coinsurance). Your reimbursement will not be subject to federal income or Social Security taxes.

Amount and Timing

Under the Flexible benefits Plan, you will decide how many Benefits Credits, if any, to direct to the Medical Flexible Spending Account. Because the Medical flexible Spending Account offers you a way to set aside pre-tax money for expenses you are reasonably certain to incur in the coming year, it makes sense for you to look over your eligible expenses for the last few years to help your expenses in the coming calendar year.
PLEASE NOTE: YOU SHOULD CAREFULLY DECIDE HOW MANY OF YOUR BENEFITS CREDITS YOU WOULD LIKE TO DIRECT TO THE MEDICAL FLEXIBLE SPENDING ACCOUNT BECAUSE YOU WILL FORFEIT ANY UNUSED AMOUNT ALLOCATED TO MEDICAL FLEXIBLE SPENDING ACCOUNT EACH YEAR. THERE IS A LIMIT OF $500 OF BENEFITS CREDITS THAT CAN BE ALLOCATED FOR ANY CALENDAR YEAR.

If you make an allocation to the Medical Flexible Spending Account, you may use it to pay for co-payments, deductibles, coinsurance, routine physical exams, well-baby care, dental expenses, eye exams and eyeglasses and certain other expenses not covered under your medical, vision or dental plans or under your other available coverage. In general, eligible expenses include expenses that would be considered deductible medical expenses under the Internal Revenue code and related pronouncements (see IRS Publication 502).
PLEASE NOTE: THERE IS TIME LIMIT ON THOSE MEDICAL EXPENSES THAT MAY BE REIMBURSED, THE EXPENSES MUST BE INCURRED DURING THE CALENDAR YEAR WHILE YOU STILL AN ELIGIBLE EMPLOYEE, ALTHOUGH YOU MAY SUBMIT YOUR CLAIM FOR REIMBURSEMENT UNTIL THE MARCH 31 IMMEDIATELY AFTER THE END OF THAT CALENDAR YEAR.