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health spending benefit
HEALTH
SPENDING BENEFIT
Available Account:
- Level 02 with $950 Health Spending Benefit
- Level 03 with $1,100 Health Spending Benefit
- Level 04 with $1,100, $2,200 or
$3,300 Health Spending Benefit
PLEASE NOTE:
- Account Balances from Producer
contributions between $ 6,047.83 to $ 8,797.09 will have a $1,100.00
health spending benefit
- Account Balances from Producer
contributions between $ 8,797.10 to $13,194.19 will have a $2,200.00
health spending benefit
- Account Balances from Producer
contributions over $ 13,194.20 will have a $3,300.00 health spending
benefit
- Age 75 and over: Producer contribution balances up to a maximum of
$3,298.55 will be placed in a health spending benefit and can be used for
reimbursement of any qualifying dental or medical expense.
Payment
from Health Spending Benefit:
- co-insurance,
- amounts which
exceed Plan maximums for health and dental, and
- other eligible
health expenses the Plan does not usually pay, but are allowable under
the Income Tax Act and Provincial Legislation requirements
The account must be
used for claims incurred within 24 months following the April 1st
allocation of the funds to the health spending account.
Any unused balance
will be forfeited at the end of the 24 month period following the April
1st allocation date.
Payment Election: each member elects which claims are to be paid from the
Health Spending Benefit (see the health and dental claim forms on the Download
Forms page).
The
Health Spending Benefit described on this site is not insured but is
administered by Manulife and is payable from the funds allocated to
your Health Spending Benefit.
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