Employee Benefits

 

Brief Overview of Benefits

 

 

 

Insurance

 

This webpage should be used only as a guide for benefits of eligible employees. Information on this and additional links is only a basic summary and does not replace any policy or benefit material. The law, policy, plan document, or contract should be used for more detailed information or more clarification as the authoritative source.

 

 

 

 ( all pdf documents )

 

 

Health, Dental, and Vision

 ( all pdf documents )

 

 

 

Life Insurance and Disability

 

 

 

Oklahoma Teachers Retirement  System

                                        

 

Learn more at the TRS website: www.ok.gov/TRS

 

This webpage should be used only as a guide for benefits eligible employees. Information on this and following pages is only a basic summary and does not replace any policy or benefit material. The law, policy, plan document, or contract should be used for more detailed information or more clarification as the authoritative source.

 

 

 

Flexible Benefits

 

Section 125 Cafeteria Plan

Unreimbursed Medical Expense Account (URM)

 

Your Unreimbursed Medical Expense Account may be used to reimburse yourself for eligible medical expenses incurred for yourself, your spouse, and your eligible dependents. Your employer establishes your maximum for each plan year. You may only be reimbursed for expenses incurred for services rendered during the plan year, or if applicable, during the grace period immediately after the end of your plan year. Not all employers offer the grace period; please check with your employer to see if this applies to you. You may also submit your claim for reimbursement on or before the run-off period ends, for claims incurred during the plan year or grace period (if applicable). The length of the run-off period may vary so please consult your employer for details. For a listing of eligible and ineligible expenses, visit the American Fidelity website: http://www.afadvantage.com/flex-guidelines.asp.

 

 

Dependent Day Care Expense Account (DDC)

 

Your Dependent Day Care Expense Account may be used to reimburse yourself for eligible dependent day care expenses incurred to allow you (and your spouse if you are married) to work, or for your spouse to look for work, go to school full-time, or who is incapable of self-care. Work may include actively looking for work, yet unpaid volunteer work or volunteer work for a nominal salary does not qualify. You may allocate up to $5,000 per tax year for reimbursement of dependent day care services ($2,500 if you are married and file a separate return).

 

Grace Period and Run Off Period

 

The grace period for the Section 125 Flexible Benefit Plan for Unreimbursed Medical Expense Account only is an additional 70 days at the end of your plan year during which you can incur and/or submit medical expense claims for reimbursement. At the end of the grace period, you will have a run-off period of an additional 20 days during which you can submit claims for reimbursement from the immediately preceding plan year and grace period.

 

The grace period does not apply to the Dependent Day Care Expense Account. You will have a 90 day run-off period after the end of the plan year to submit dependent care claims for reimbursement from the immediately preceding plan year.

 

 

 

For more information regarding Unreimbursed Medical or Dependent Day Care expense accounts, please review the American Fidelity Flex Guide for Section 125 Flexible Benefit Plans at http://www.afadvantage.com/forms/afes/flexguide.pdf