Copyright 2014 Employee Benefits Corporation

The material provided in this webinar is by Employee Benefits Corporation and is for general information purposes only. The information does not constitute legal advice and may not be relied upon by anyone as such. Nor may the information be disseminated in any form. Copyright 2014 Employee Benefits Corporation 2

Today: Who we are and what we do Extra money for expenses Different expenses, different accounts Submitting claims is easy Quick reimbursement tips Next steps Copyright 2014 Employee Benefits Corporation 5

Employee Benefits Corporation We re a 100 % employee owned third party benefits administrator We process your claims We personally answer your questions We produce our own website and materials We show you how the BESTflex Plan provides extra money for health and daycare expenses Copyright 2014 Employee Benefits Corporation 6

Extra money as soon as you enroll. You agree to put a portion of your pay into at least one special account called a Flexible Spending Account (FSA) Then, as you incur eligible expenses, you pay for them using the money in the FSA Copyright 2014 Employee Benefits Corporation 8

Extra money is available automatically. Normally, federal, state and payroll taxes eat up about 30% of what you earn However, every dollar you place in these special FSAs is tax free So, a $500 election lets you keep the $150 you would have paid in taxes There s your extra money Copyright 2014 Employee Benefits Corporation 10

Group Premium Account Unlike an FSA, this account pays for your health insurance premiums, tax free Cost is automatically deducted from your pay You receive this benefit automatically You must participate in your employer s Group Health Plan to take advantage of this account You pocket what you would have paid in taxes Copyright 2014 Employee Benefits Corporation 12

Health Care FSA You elect to place a portion of your pay into a Health Care FSA, tax free, up to $2, Used for expenses not covered by insurance Great for out of pocket, co pays or prescription expenses; hundreds of expenses are eligible Visit www.fsastore.com and see how many! You can use the Health Care FSA for the duration of your Plan Year Copyright 2014 Employee Benefits Corporation 13

Limited Health Care FSA Unlike a standard Health Care FSA, this FSA reimburses dental and vision expenses only It also allows pre tax contributions to Health Savings Accounts (HSAs) Note in some states, HSA contributions are subject to state taxes Copyright 2014 Employee Benefits Corporation 14

Dependent Care FSA You can also place a tax free portion of your pay into a Dependent Care FSA $5,000 maximum ($1,500 in tax savings) Perfect to help pay for daycare expenses You can also use this FSA for other types of dependent care; consult your Summary Plan Description (SPD) for the details Copyright 2014 Employee Benefits Corporation 15

Employer contributions Your employer has chosen to contribute to your BESTflex Plan Eligibility requirements may apply and are defined in My Company Plan, a document that explains your plan details, available in My Account Assistant at www.ebcflex.com Contributions are not affected by the $2, maximum election amount Copyright 2014 Employee Benefits Corporation 16

Using all your money Federal regulations require you use all your funds in an FSA by the end of the plan year Funds remaining are forfeited to the plan Make your elections based on prior expenses Take advantage of every eligible expense Use the tools we provide to help plan your elections Built in features help you use all your money Copyright 2014 Employee Benefits Corporation 17

Submit your claims using our mobile app My Mobile Account Assistant For Android and iphone Camera scans documentation Upload with claim information Receive notification when a claim is processed Use the app to review FSA account information Copyright 2014 Employee Benefits Corporation 19

Submit your claims online or using paper My Account Assistant Your secure web portal lets you review all aspects of your account online at www.ebcflex.com Submit claims and documentation Receive notification when a claim is processed Claim Form Mail or fax a paper form with attached documentation Copyright 2014 Employee Benefits Corporation 20

Benny TM Benefits Card Use Benny TM instead of paying out of pocket for eligible expenses Automatically determines an expense is eligible at point of sale at many retailers and provider Inventory Information Approval Systems (IIAS) No additional documentation needed Benny TM works with Health Care FSA only Copyright 2014 Employee Benefits Corporation 21

Benny TM Benefits Card Documentation You re notified when an ineligible expense needs additional documentation (non IIAS retailers or providers): On your mobile device with our app Online when you log into your account By email or postal mail You can submit required documentation the same way, using mobile app, online, fax or mail Copyright 2014 Employee Benefits Corporation 22

Health Care FSA Runout Period The Runout Period is a time after your plan year ends, in which you can continue to submit claims Your Runout Period is defined in My Company Plan, the document that explains your plan details, available in My Account Assistant at www.ebcflex.com You use the Runout Period to submit claims only for expenses incurred during your prior plan year Copyright 2014 Employee Benefits Corporation 24

Health Care FSA Grace Period This FSA includes a 2 1/2 month Grace Period After your plan year ends, you can continue to incur expenses and submit claims for an additional 2 1/2 months Copyright 2014 Employee Benefits Corporation 25

Fill out the forms completely Mobile, online or paper forms must be filled out accurately and completely to avoid the claim being denied Be sure to attach all relevant documentation Include dates and types of service, expense amount and the provider s name If you use the paper form, be sure to sign it Copyright 2014 Employee Benefits Corporation 28

Reimbursement options To receive reimbursements faster, sign up for Direct Deposit We deposit your reimbursement in the financial account of your choice Sign up online by logging into My Account Assistant at www.ebcflex.com Traditional reimbursement by check sent using U.S. Mail is the default reimbursement method Copyright 2014 Employee Benefits Corporation 29

My Account Assistant: Account Overview View your BESTflex Plan account securely and conveniently online Review your account balance Submit and view the status of claims Download important information materials Copyright 2014 Employee Benefits Corporation 35

Help is always available Contact our Participant Services team! Phone (local): 608 831 8445 Phone (toll free): 800 346 2126 Fax: 608 831 4790 Email: participantservices@ebcflex.com Thank you! Copyright 2014 Employee Benefits Corporation 36