If you choose another plan or leave the company without continuing your coverage (e.g., under COBRA), the balance in the Health Care Account returns to your employer.

Vested members under age 55. Vested members have earned the right to a pension from the Plan. If you are vested and leave the Plan before age 55, you may take a deferred pension or transfer the commuted value of your pension to another retirement arrangement such as a locked-in retirement account (a "locked-in RRSP") or another employer's pension plan. Vested members, age 55 or older.

Before you leave, the specific options available to you will be fully explained. In general, deposits made into your accounts can continue to be claimed. Leaving will affect the number of payroll deposits not your ability to claim moneys deposited in your account. All inquiries and questions about your accounts can be directed to our independent consultants, BSI Administrative Services (BSI ADMIN).

Your HSA belongs to you. All funds contributed to your HSA, including employer contributions, are yours to keep. Your account is completely portable, meaning you can take it with you, intact. When you change jobs, you can choose to:

The money you contribute to the Retirement Plan belongs to you and is immediately vested. When you leave the University, you take the amount you have accumulated with you. You will continue to earn interest and applicable dividends on such funds until you begin receiving annuity income at retirement or withdraw funds at an earlier date.

Your employer may require you to sell your shares when you leave the plan. You can then roll the proceeds into an IRA or to your new employer’s plan. Or, if your old plan allows, you can roll your shares from the plan directly into a rollover IRA established through a broker. Check with your former employer about the rules governing the buying and selling of company stock, as well as the tax consequences. It may be to your advantage to take your distribution in stock rather than cash.

call 1-800-MEDICARE (1-800-633-4227) to request that your disenrollment be processed over the phone; or call the Social Security Administration at 1-800-772-1213 or visit your Social Security Office to file your disenrollment request. In most cases, you are disenrolled the month after your request is made as long as your request was filed before the 10th day of the month.

If you are a MetroPlus Medicaid Managed Care, you may be enrolled in mandatory Medicaid Managed Care, which means that you can only transfer to another Plan not disenroll from managed care. You may only disenroll from managed care if you are exempt or excluded from managed care. You can find out more about who is exempt or excluded by calling New York Medicaid CHOICE at 1-800-505-5678.

Yes. In fact, the HRA is designed to cover expenses not paid by your health insurance, including co-payments and amounts below the deductible, as well as other medical expenses many health plans don't cover.

The Health Reimbursement Account (HRA) is a powerful new component of what is sometimes called a "consumer-driven" health plan or a "self-directed" health plan. Consumer-driven plans put you in control of how your benefit dollars are spent. These plan designs give you freedom of choice and control in return for greater involvement and responsibility for managing the account yourself. Your employer deposits money into your Health Reimbursement Account (HRA).

The Health Risk Assessment (HRA) survey tool consists of questions related to individual lifestyle practices and health history factors that have the highest impact on individual health, and biometric measures to determine health status. Generally biometric measures include height, weight, blood pressure, cholesterol (total and HDL) and blood glucose. These numbers can be self-reported or measured professionally.

If you leave your job and do not enroll in another high deductible health plan or continue it through COBRA, you may keep your HSA open but may no longer contribute to it. Also a proportionate amount of the employer contribution becomes taxable income.

Yes. As long as you met the eligibility requirements at the time you reapply, enrollment back into another HRA plan is possible. For the Conversion plan, you must be coming off of an employer sponsored group health insurance plan or qualifying individual coverage.

Yes. You are allowed to change plans once a year on the anniversary of your initial enrollment into HRA.

If you lose Medicaid and then get it back within 60 day, Medicaid will keep you enrolled in the health plan you had before you lost Medicaid.

Yes, the IRS allows you to pay for eligible health care expenses, including those expenses that are not reimbursed under an insurance plan, with tax-free dollars through a Health FSA. When filing your tax return, you can only claim health care expenses exceeding 7.5% of your adjusted gross income. With a Health FSA, a member is able to receive tax savings immediately, when the services are rendered as opposed to waiting until tax returns are filed.

A Health Reimbursement Arrangement is a supplemental way to help you pay for out of pocket medical expenses that you are required to pay under the terms of the Mo-Kan Sheet Metal Workers Welfare Fund contract.