Iowa Bankers 105/125 ADVANTAGE PLANS

2010 Employee Benefit Workshop

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2010 Plan Year End

Communication-105/125 BulletinsComplete Data Gathering Form/ Payroll Calendar

Sent September 24th Due October 18th

Notify employees: OTC changes in plan for 01-01-11Sent September 15th

Reminders: (forthcoming)

1. Notify employees: open enrollment period for online elections for the 125 plan (10-20 to 12-17)

2. Check employee elections for 2011 payroll

3. Complete amendments before 12-31-10

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Over the Counter Medicine and Drugs:

As of 01-01-11, the rules are changing for over the counter medicine and drugs, excluding insulin.

After 01-01-11, you must have a prescription for any OTC medicine or drug to receive a reimbursement through the flex medical plan. (Cough syrup, cold medicine, aspirin, medicated creams, etc)

Other medical supplies will process as normal. (band-aids, contact solution, crutches, etc)

Refer to the MFSA expense table on website @www.bankers-ins.com

Plan Changes for 2011 - OTC3

Over the Counter Medicine and Drugs:

Any OTC medicine or drug purchased AFTER 12-31-10 must have a prescription. (regardless of plan dates)

If purchased in 2010 and submitted in the 90 day runoff period during 2011, it will be paid.

If your company has the grace period, (2 ½ months to incur prior plan year expenses) any OTC medicine or drug must be purchased by 12-31-10 or it will require a prescription.

2011 – OTC guidelines4

2010 Amendments

Sending in105/125 Bulletin communication

125 Plan Document Amendments: must be approved by Board of Directors, signed, and a copy to IBIS

1. Dependent update definition2. Over the Counter medicine and drug

125 Summary Plan Description Amendments: Identify contact person, then supply participants a copy

1. Dependent definition and OTC update

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2013 Upcoming Changes

Health Care reform changes for MedFSA

The MedFSA and LFSA will have an annual cap placed on them, per participant, in the amount of $2500. The employer may elect a lesser amount.

This amount is applied per flex participant and does not apply to the dependants. Each plan participant can elect $2500. If both husband and wife enroll in a plan, both can elect the maximum amount set by the plan.

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Administrative Reminders

Always use current form from our website when a form is necessary. www.bankers-ins.com

Notify IBIS within 30 days of an event to make a change in an election. Use the Change of Status Form. Refer to the plan document and SPD for change of status options.

If you have both a husband and wife who are working at one bank, insured under one health plan, but both elect flex, remember: all health and dental claims will be automated to insured plan members flex. Spouse must submit claims manually that have not been previously submitted.

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Administrative Reminders

Encourage employees to use website found @ www.bankers-ins.com

Forms (always most current)BrochuresOnline Account Guides105/125 PowerPoint105/125 EOB and employee reportsMedFSA Covered Expense Table

Encourage online enrollment

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Administrative Reminders

Year End wrap-upCheck your online report for employee election status to confirm plan year 2011 elections. IBIS is not responsible for those who do not enroll.

Report to IBIS by 02-28-11 any corrections to the 2011 annual elections. Must be done within 60 days of plan year start to make a change due to administrative error.

Check your January and February billings also.

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Administrative Resources10

Administrative Resources

Coming this fall!

Watch for the 105/125 Bulletin Announcement of the new interactive manuals to be placed on the Administrative Website

105 Resource Manual125 Resource Manual

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105 Resource Manual

ContentsSection 1: 105 Plan OverviewSection 2: 105 Plan ProvisionsSection 3: 105 Administrative

ProceduresAppendix A: 105 Plan DocumentsAppendix B: 105 Plan FormsAppendix C: 105 Plan ReportsAppendix D: 105 Plan

Services/ResourcesAppendix E: IBIS Administrator

WebsiteAppendix F: Employee Self Service

Website

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105 Resource Manual

Go to 105 Manual for Demo

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Iowa Bankers Insurance and Services, Inc.

Marketing Representatives

Jolene Mennenga − Northwest IowaJames Johnston − Central and Northeastern Iowa

Don Easter − Southern Iowa

Customer Service: 800-258-1415Marketing Representatives: 800-532-1423

www.bankers-ins.com

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