10-10-2022 Council Packet - Laserfiche WebLink

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© Hitesman & Wold, P.A. 2019 Cafeteria Plan Summary Description (3-11) 2 PART I. GENERAL INFORMATION ABOUT THE PLAN 1.1 What is the purpose of the Cafeteria Plan? The purpose of the Cafeteria Plan is to allow eligible employees to use funds provided through employee salary reduction and Employer flexs to choose (and pay for) certain benefits made available by the Employer. 1.2 When did the Cafeteria Plan take effect? This Plan became effective September 1, 2022. The Plan operates on a Plan Year running from January through December. The Plan Year beginning on September 1, 2022 is a short Plan Year that ends on December 31, 2022. 1.3 What Optional Benefits are offered through the Cafeteria Plan? This Plan makes the following checked “Optional Benefits” available: GROUP PREMIUMS: Group Medical Benefits The group medical benefit allows a Participant to pay the employee's share of the cost for medical coverage made available by the Employer with pre -tax dollars through: Salary reduction Employer contributions Group Dental Benefits The group dental benefit allows a Participant to pay the employee's share of the cost for dental coverage made available by the Employer with pre-tax dollars through: Salary reduction Employer contributions OTHER: Dependent Care Flexible Spending Account The dependent care reimbursement benefit allows a Participant to fund an account with pre -tax dollars through: Salary reduction Employer contributions, that may be used to reimburse the Participant for eligible dependent care expenses. Health Flexible Spending Account The medical expense reimbursement benefit allows a Participant to fund an account with pre -tax dollars through: Salary reduction Employer contributions, which may be used to reimburse the Participant for eligible medical expenses. Limited Scope Health Flexible Spending Account The limited scope medical expense reimbursement benefit allows a Participant to fund an account with pre-tax dollars through: