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Reimbursement
Account Service Improvement Update
Exciting Changes
Coming In January 2010
 January is just around the corner and Crosby has been
working hard to prepare for the upcoming Reimbursement Account Service
enhancements. We’re in the process of reaching out to clients to
discuss the specifics of the new service offerings, including the new
All-In-One Funding Method that includes the following benefits:
► All transaction types will come out of one account
► Daily claim reimbursement
► Weekly funding to Crosby to cover all reimbursement types
► Overdraft coverage at no charge
The user experience for our participants will be improved as well. Over
the next several weeks, we will be communicating via summary statement
mailings, Open Enrollment materials and MyCrosbyBenefits.com,
the enhancements that will be available as of January 1st.
We are very excited about these changes and we hope you are too. Please
don’t hesitate to email Linda Fulton,
Max Crosby
or Darla Rosenfeld
with any questions.
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No Change for 2010
Transportation Benefits
Pre-Tax Limits
for Transit and Parking Hold Steady
 The IRS released the annual Cost of Living Adjustments
but announced that pre-tax limits for Parking and Transit will not
change for 2010. Limits for qualified parking, transit and van pooling
expenses will remain at $230.
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Catch the
Renewal Wave 2010
There Is Still
Time To Sign Us Up For Your Benefit Fair
 To request our participation, email Tina Crosby
with the following details about your fair: date, time, estimated
attendance, specific location, parking arrangements and whether a
raffle prize should be contributed. Crosby will attend benefit fairs
upon request, subject to availability.
Don't forget, we also have two online videos for you and your employees
that outline the great benefits that Flexible Spending Accounts have to
offer: FSA Overview Only
& FSA Overview w/ Debit Card.
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National
Health Care Reform Update
Act Now:
Encourage Congress Not To Change FSAs
 Congress continues to narrow down Health Care Reform
bills in an attempt to pass sweeping legislation. On Thursday, the
House of Representatives introduced their version called the Affordable
Health Care for America Act (H.R. 3962 legislative language).
This proposal combines three previous bills passed within House
committees. We are currently focused on how this bill will affect
Flexible Spending Accounts (FSAs) if put into law. Below are a few key
points found in the document:
1. If passed, beginning 1/1/2011: Over-the-counter and non-prescription
items would require a doctor’s note.
2. If passed, beginning 1/1/2012: There would be a $2,500 FSA cap
(indexed to the consumer price index).
3. If passed, beginning 1/1/2011: An increase to the 10% penalty for
distributions from HSAs that are not used to pay for health related
expenditures would increase to 20%.
4. Upon passing of this bill, coverage purchased through the Government
created Exchange may not be purchased on a pre-tax salary reduction
basis unless the purchaser’s employer is eligible to offer employer
coverage through the Exchange.
Please email Harvey Crosby
if you are interested in getting more involved in efforts to affect this
pending legislation.
Learn more at SaveMyFlexPlan.org,
a fantastic website designed to keep you informed of pending changes to
FSAs.
► Sign up for email alerts
► Use the effective "Call Your Members of Congress"
feature
► Calculate the potential impact of the elimination of FSA
► Get access to helpful news links and personal stories
If any of these proposals were to pass today, they would have a
detrimental impact on FSA participants. Help preserve this valuable
employee benefit by reaching out to your representatives in Congress to
voice your opinions.
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Are You In Compliance?
Crosby Can Help With
Your Section 125 Plan Documents
Plan Documents and Summary Plan
Descriptions (SPDs) are mandatory for your organization; these
documents outline plan rules and provide an explanation to participants
about how your health plans will operate. Crosby works hard to stay
abreast of all regulatory and legislative changes in the health and
welfare benefits arena and to accommodate this rapidly changing
environment, we offer clients a Plan Document service that provides
customized Model Plan Documents and SPDs. This service also offers an
option to enroll in our ongoing service that will automatically send
amendments when applicable law changes occur.
For example, when the Children's Health Insurance Program Reauthorization
Act of 2009 ("CHIPRA") amended HIPAA's special enrollment
rules to allow for a third special enrollment category, a Plan Document
Amendment was distributed to participating clients.
Upon enrollment, you will be asked to complete a questionnaire
capturing certain plan parameters and company information which will be
used to create the Model Plan Documents. Once completed, the documents
will be sent for adoption and distribution as both a hard copy and in
an electronic format.
If your organization does not have its Section 125 Plan Documents, or
if your current documents need updating, we’re here to help. Please
email your Client Consultant, Linda Fulton, Max Crosby or
Darla Rosenfeld,
for more information about enrolling in this service.
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The Crosby Connection Newsletter is
intended for Crosby Client Contacts.
© 2009 Crosby Benefit Systems
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....We can manage your HIRD Form
process?
Are you
complying with your 30-day deadlines?
> New hires who turn
down coverage
> Employees who drop coverage
Our process is designed to distribute, track and store Employee HIRD
Forms so that you don't have to.
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...Commuter Benefit Programs can add revenue?
> Quick Implementation
> Easy-To-Use
> All Major Metro Areas Covered
> Single System
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For more
information about any of our services, please contact Jean Sicurella via
email or call 617-630-0496.
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2010
HSA Limits
The IRS has released the Health Savings Account (HSA)
Annual Maximums for 2010:
Individual:
$3,050
Family: $6,150
The HSA maximum annual catch-up contribution will remain at $1,000 for
individuals who are age 55 and older.
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Need a Team Roster?
Our organizational design utilizes a client-centered team
approach to best meet your needs. If you're interested in receiving a team
roster, please email us here
to request a complete roster with contact information.
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