State of Arkansas Open Enrollment

1
State of ArkansasOpen Enrollment

• October 1-31, 2006
• See your agency benefits representative for a
• FBMC Reference Guide

2
Three types of Flexible Spending Accounts

• Dependent Care Expense
• Medical Expense
• RX, medical services, over the
• counter items, vision, dental
• ? Limited Medical Expense
• Participants in Health Savings Account
  dental/vision only

3
Tax Advantages

• Tax savings federal, state, social security
  medicare taxes
• FSA Medical total amount is available January
  1, 2007
• Most people can not itemize this tax deduction
• FSA Dependent Care see tax savings throughout
  the year

4
Whose expenses are eligible?

• You
• Your spouse
• Your qualifying child
• Your qualifying relative

5
Types of eligible expenses

• Prescriptions
• Over-the-counter medicines
• Vision glasses, contacts
• Orthodontia/Dental
• Doctor visits
• Hospital Out patient care
• Mileage to receive treatment
• More information is in your FBMC Guidebook see
  your benefits representative for one!!

6
When is my money available?

• FSA Medical Total amount is available January
  1, 2007
• FSA Dependent Care money must be on deposit and
  expenses incurred to get reimbursed

7
How to file a claim?

• Out-of-pocket expenses Fax or mail FSA
  Reimbursement Request Form with documentation to
  FBMC
• EZ Reimburse MasterCard Fax Receipt
  Transmittal Cover Sheet documentation to FBMC

8
Where do I get Claim Forms?

• www.myfbmc.com
• This site gives information on
• Forms
• Claims processing progress
• Account balances
• Participating pharmacies
• Eligible Expenses
• Much, much more..

9
What documentation do I need to get reimbursed?

• Medical documentation
• Who received the service
• Who provided the service
• What service was provided
• Cost you paid for the service
• Date of service
• Totals on claim form documentation should equal

10
Do I use it or lose it?

• New rule for FSA Medical is
• You have until March 15, 2008 to incur expenses
  and apply that to your 2007 account
• Claims for all 2007 expenses must be
  postmarked/faxed by March 31, 2008

11
Do I need to submit claims for EZ REIMBURSE
MasterCard Expenses?

• In many cases yes!
• No - If you use a participating pharmacy or
  medical provider and it is a known co-pay
• See www.myfbmc.com if an item is in RED, submit a
  claim!!

12
How will I know if I have an outstanding debit
card transaction?

• FBMC sends monthly statements
• If there is anything in BLUE you have something
  to do!!
• If you need to submit a claim, it will be listed
  on your monthly statement in blue!!

13
What is the fastest way to get reimbursed for out
of pocket expenses?

• Fill out the Direct Deposit Form and fax it to
  FMBC!!
• Money will be direct deposited into your account
  soon after the claim is processed!!
• Form is on www.myfbmc.com

14
How long does it take for a claim to be
processed?

• Up to 10 business days.
• Claims volume will determine if it actually takes
  10 days, sometimes it will be less than 10.

15
Changes to the EZ REIMBURSE MasterCard?

• IRS regulations dictate that a pharmacy must use
  an approval system for a true pharmacy. This
  means that grocer type pharmacies such as
  WalMart, Kmart, Kroger, Target, etc. will have to
  change their technology before your card will
  work there.

16
Which pharmacies will use the EZ REIMBURSE
MasterCard?

• As of October 1, 2006
• Bell Pharmacy, CVS Pharmacy, Eckerd, Hunters
  Pharmacy, Leslie Drugs, Oak Grove Pharmacy, Rite
  Aid, Sterling Drug Company Inc., Walgreens
• This list will continue to expand watch
  www.myfbmc.com for updates

17
I dont use the EZ REIMBURSE MasterCard where
do I get prescriptions?

• At the pharmacy of your choice!!
• Just remember to submit a paper claim using the
  FSA Reimbursement Request Form
• Direct Deposit will return your money to your
  pocket faster!!

18
Questions???

• Amelia Looper
• FBMC-EBD Client Liaison located in EBD office
  suite
• Phone [phone]
• Fax [phone]
• amelia.looper_at_dfa.state.ar.us