Labor Day, the Crosby offices will be closed
Annual Conference at the Marriot Copley Place, Boston, MA
Workshop. Crosby's Linda Fulton will be discussing the Who,
What, When, Where and Why of COBRA; at Workscape,
. . Crosby offers HSA Administration as an integrated option with
other reimbursement accounts?
> Single Web Login For All Account Types
> Debit Card
> Full Self-Service of Investment Funds
. . You can streamline your commuter program and add revenue?
> Quick Implementation
> All Major Metro Areas Covered
> Fully Automated
. . . We can
manage your HIRD Form process? Are you complying with your 30-day
> After Open Enrollment
> New hires who turn
> Employees who drop coverage
Our process is designed to distribute, track and store Employee HIRD
Forms so that you don't have to.
information about any of our services, please contact Darla
Rosenfeld via email or call
We use a
client-centered team approach to best meet your needs. For your team
roster, please email us here.
Medical FSA Plan Document Update
that the U.S. Supreme Court has upheld the Patient Protection and
Affordable Care Act (PPACA), Section 9005 amends Section 125 of the
Internal Revenue Code to cap Medical Flexible Spending Account (FSA)
salary reductions for plan years beginning on or after January 1,
2013 at $2,500.
This regulation change requires modification to your Plan Document.
If you are a
current plan document client, Crosby will automatically send an
amendment. Amendments to your plan document will need to be
appropriately adopted which may require assistance of Legal Counsel
before January 1, 2013.
If you have questions about these forthcoming changes, please contact
your client consultant: Darla Rosenfeld, Linda Fulton or Max Crosby.
* * * * * * * * * * * * * * *
IRS Considers Changes to Use-It-Or-Lose-It
Elsewhere, there has been increased traction surrounding the concept
to eliminate the FSA use-it-or-lose-it rule, especially now that the
new $2,500 Medical FSA maximum is taking effect on January 1, 2013. A
common-sense approach would allow participants to roll over their
unused funds into the next plan year rather than forcing them to
spend down their elections. If you are interested in submitting your
comments to support the elimination of the use-it-or-lose-it rule,
and send your letter
Go Green! Go Paperless!
E-Communication and Direct Deposit Participation
Last month, Crosby refreshed
its Go Green! Campaign in an effort to significantly increase direct
deposit and paperless communication participation among reimbursement
account holders. The following two initiatives were launched:
1. Our Go Green!
Go Paperless! insert was sent with every July Summary Statement
explaining how participants can easily sign up for direct deposit and
2. We sent a similar email to all participants (with an email
address) that have not yet signed up for direct deposit and/or
With your help and our continued efforts, we hope to reach our goal
of 70% participation by the end of this year. To date, 30% of our
account holders have signed up.
you can do to help: Crosby can provide
an article/language that you can put in your newsletter or on your
employee website. Please help us publicize this effort.
While this is a bold goal, we are committed to reaching it so that we
can keep costs down (as postage and mailing costs increase) and
reduce the amount of paper used to communicate with participants,
thus generating less waste. We look forward to future initiatives and
greater participation as we head toward the renewal season.
Catch The Wave
Make The Most Of Your 2013 Renewal Season
many of you, Open Enrollment season is just getting underway and once
again Crosby is committed to helping you boost Flexible Spending
Account participation. Don't forget: a new $2,500 limit will be
imposed on Medical FSA annual elections beginning January 1, 2013.
Thus, making sure your employees are aware of the changes is
important. Below are some of the tools we can provide to assist you
with promoting FSA enrollment.
Communications & Promotional Materials: We can
include customized communications with your enrollment packets.
Promotional materials to boost participation such as FSA brochures and
informational one-pagers are also available.
Card: Our card adds convenience by giving
participants direct access to their Medical FSA funds without having
to pay out-of-pocket. Take advantage of the Flex Debit Card today.
Videos: Crosby offers brief videos (one with
Flex Debit Card information and one without) promoting the benefits
of an FSA. They can be found on our
Fairs: Fairs are a great way for Crosby to speak
directly with your employees about the benefits of FSAs. Since we
receive many requests to participate, please understand that
scheduling is done on a first-come-first-serve basis. To request our
participation, please email Nancy D'Allessandro as soon as possible
with the following information:
· Location (please be specific)
· Raffle - should Crosby contribute a raffle prize?
will attend benefit fairs upon request, subject to availability.
To take advantage of these solutions and learn more
about preparing for your renewal season, please contact your Crosby
Automated Data Exchange
Reduce Processing Timing and Increase Data Accuracy
you know that you have the ability to automate the information
exchange for reimbursement, billing and other services through file transmission?
We can accept census, enrollment, payroll and eligibility files to
process changes within your participant's accounts. If
you haven't taken advantage of our automated data exchange, we
encourage you to start now. We will work with you to streamline your
processes to ensure that our systems are updated faster and with
To learn more, please
contact your client consultant: Darla Rosenfeld, Linda Fulton or Max Crosby.
Transit Benefit Parity Still Possible
MAP-21 and HR 6606-Commuter Savings Act
June, the U.S. Senate and House of Representatives adopted the
conference agreement to the "Moving Ahead for Progress in the 21st
Century Act (MAP-21)" to reauthorize surface transportation
programs. Though the Senate-adopted version of the legislation called
for a one-year extension of parity between the transit and parking
benefit, the transit provision was not included in the joint
legislation. However, Congress is expected to consider a tax
extenders package later this year that may include the transit
addition, Representative Nan Hayworth (R-NY, 19th) introduced H.R.
6606, the Commuter Savings Act, that would extend the parity between
transit and parking benefits through the end of 2013. To date, Reps.
Robert Dold (R-IL, 10th) and Peter King
(R-NY, 3rd) have joined as cosponsors.
Outsourced Benefits Administration
Since 1976, Crosby
has developed benefit programs for over 500 organizations. Crosby has built
its stellar reputation by focusing on the design and delivery of quality
benefit services. Crosby offers a wide range of benefit related services
including: FSA, HRA, HSA, COBRA, Commuter Benefit Plans, Enrollment &
Eligibility, Direct Billing, Tuition Reimbursement as well as customized
services. Crosby is dedicated to its "High Tech and High Touch"
approach, focusing on quality, customer service and creative solutions.
Crosby Connection Newsletter is intended for Crosby Client Contacts.
2012 Crosby Benefit Systems