In compliance with the Health Care Reform Act, the RCUH announced during our 2012-2013 Annual Benefits Open Enrollment Period that our Flexible Spending-Medical Expense Reimbursement Plan would be amended to cap the maximum salary reduction contributions to $2,500 (previously $4,500 for employees with 4 or more years of continuous service with the RCUH). The IRS recently released guidance clarifying that the effective date for the new limit will be the first day of the first “plan” year beginning on or after January 1, 2013 (IRS Notice 2012-40). Since RCUH’s plan year is from July 1 through June 30, we are not required to implement the plan maximum of $2,500 until the July 1, 2013 – June 30, 2014 plan year.
Although RCUH’s Open Enrollment period has ended, we believe it is necessary to provide our employees the ability to maximize their flexible spending contributions for this upcoming plan year. Therefore, employees with four (4) or more years of continuous service with the RCUH and who have previously elected in Flexible Spending for the PY2012-13, who wish to increase their flexible spending plan contributions of up to $4,500 for the plan year, July 1, 2012 – June 30, 2013, may complete and submit the RCUH Flexible Spending Plan – Medical Expense Reimbursement Enrollment Form. Completed forms may be faxed to (808) 956-5022, scanned/emailed to [email protected], or hand-delivered/mailed to RCUH Human Resources Department, or 2530 Dole Street, Sakamaki Hall D-100, Honolulu, HI 96822. The deadline to submit this form is Friday, June 29, 2012.
If you enrolled in the 2012-2013 Flexible Spending-Medical Expense Reimbursement plan and do not want to increase your contribution amount, you do NOT need to re-submit a form.
If you have any questions or concerns, please contact Dayna Tsue at (808) 956-8953 or [email protected].