Tax Saver Flexible Benefit Plans

Effective July 1, 2011, Boon-Chapman will be administering the LSU System Flexible benefit for all campuses.

Note: Remember, you must re-enroll in the Flexible Benefits Plan during every Annual Enrollment. This applies only to the Health Care Reimbursement and Dependent Care Reimbursement Programs. You are not required to re-enroll in the Premiums Only Plan. Your elections for the Premiums Only Plan will rollover unless you opt out of the Plan during Annual Enrollment.

IMPORTANT NOTICE: Over-the-Counter Drugs

Over-the-counter drugs purchased on or after January 1, 2011 shall not be reimbursable unless such drug was prescribed by a physician and a copy of the prescription is submitted with the claim for reimbursement.

Monthly Flex Rates

The Administrative fee for participating in this plan is $5.10 per month. This includes two debit cards. You do not have to use the debit card, but it will be an added benefit for you.

Premiums-Only Plan

f you enroll in the Premiums Only Plan, your premiums for medical, voluntary dental, voluntary vision, voluntary long term disability, voluntary accidental death and dismemberment, and voluntary group term life insurance offered through your employer may automatically be deducted pre-tax from your paycheck before your taxable income is determined.  There is no cost to participate in the Premiums Only Plan.  There is no tax liability on the money put into the Premiums Only Plan.

Click here for Flexible Benefits Plan Document

Health Care Reimbursement Program

During each Enrollment Period, a Participant may elect to participate in and receive the benefits of the Health Care Reimbursement Program.  The minimum contribution to participate in this Program is $100.00 per Plan Year.  The maximum contribution to participate in this Program is $2,000.00 for July 1- December 31, 2011, Plan Year. Effective for the Plan Year beginning January 1, 2012, the maximum contribution shall be $2,500 or such other amount as may be established by law from time to time.

Click here for the Healthcare Reimbursement Form

 

Dependent Care Reimbursement Program

During each Enrollment Period, a Participant may elect to participate in and receive the benefits of the Dependent Care Reimbursement Program.  The minimum contribution to participate in this Program is $100.00 per Plan Year.  The maximum contribution to participate in this Program is $2,500.00 for July 1- December 31, 2011, Plan Year. Effective for the Plan Year beginning January 1, 2012, the maximum contribution shall be $5,000 or such other amount as may be established by law from time to time.

Click here for Dependent Care Reimbursement Form

For more information please see the link labeled Flexible Benefits Plan Document.


For more information call 1.800.252.9653 or visit www.boonchapman.com.