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10-10-2022 Council Packet
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10-10-2022 Council Packet
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<br />© 2019 Hitesman & Wold, P.A. MEDSURETY, LLC <br />Cafeteria Plan 1-888-816-4234, www.medsurety.com <br />Basic Plan Document <br />51 <br />(2) The balance of a Participant’s Account available for the carryover shall be <br />determined upon expiration of the Claims Run-out Period. Notwithstanding the <br />foregoing, the balance of the Participant’s Account as of midnight on the last day <br />of the Plan Year, up to the amount specified in paragraph (1) above, shall be <br />available to reimburse Limited Scope Medical Expenses incurred on and after the <br />first day of the new Plan Year. The Claims Administrator will administer claims <br />submitted during the Claim Run-out Period (including allocating claims between <br />the Participant’s carryover balance and the Participant’s election for the new Plan <br />Year (if any)) in a manner consistent with applicable law (including regulatory <br />guidance). For purposes of this paragraph, the balance of a Participant’s Account <br />at any point in time shall be equal to the amount credited to the Account for the <br />Plan Year minus claims paid to date with respect to that Plan Year. <br />(3) In general, a carryover made in accordance herewith shall occur automatically. <br />However, unless otherwise provided under applicable law (including regulatory <br />guidance), a Participant entitled to a Account carryover in accordance herewith <br />may elect, by no later than the last day of the Plan Year from which the <br />carryover is to be made and in accordance with procedures adopted by the Plan <br />Administrator, to waive the carryover. <br />(4) Unless provided otherwise in the Adoption Agreement, a carryover of an Account <br />balance shall be available even if the Participant has not made an Election under <br />the Limited Scope Medical Expense Plan for the Plan Year to which the carryover <br />will be made. <br />(5) Unless provided otherwise in the Adoption Agreement, carried over amounts are <br />available indefinitely. If the Adoption Agreement specifies a time period after <br />which carried over amounts are forfeited, then for purposes of applying that <br />restriction, amounts carried over to a subsequent Plan Year shall be used to pay <br />benefits under the Limited Scope Health Flexible Spending Account prior to any <br />funds contributed during that Plan Year. <br />(6) A carryover shall not count against the maximum reimbursement a Participant <br />may receive as specified in Section 19.8 <br />(c) Claims Run-Out Period. Except as otherwise provided in this Section 19.12, (1) <br />amounts attributed to a Participant’s Account for any Plan Year shall be used only to <br />reimburse the Participant for eligible Limited Scope Medical Expenses incurred during <br />such Plan Year, and (2) any balance remaining in a Participant’s Account for a Plan Year <br />shall be forfeited upon expiration of the Claims Run -out Period in accordance with <br />Section 5.7. The Plan Administrator may extend this period in the event the Participant <br />cannot obtain proper documentation until after the expiration of the period. Such <br />forfeited amount shall not be distributed in cash, carried over to the next Plan Year or <br />used by the Participant for any other purpose. <br />14.13 Medical Child Support Orders. Notwithstanding any provision of this Plan to the contrary, the <br />Limited Scope Health Flexible Spending Account shall recognize child support orders regarding <br />coverage hereunder to the extent required by applicable law. <br />14.14 Continuation of Coverage. Continued coverage shall be provided under the Limited Scope <br />Health Flexible Spending Account as required under the Consolidated Omnibus Budget <br />Reconciliation Act of 1985 (“COBRA”), as amended. The Plan Administrator may, within the <br />parameters of the law, establish uniform policies by which to provide such cont inuation coverage, <br />which shall be incorporated herein by reference.
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