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25E - AGMT - EMPL BENEFITS
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25E - AGMT - EMPL BENEFITS
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8/31/2017 5:04:06 PM
Creation date
8/31/2017 4:28:08 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Police
Item #
25E
Date
9/5/2017
Destruction Year
2022
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EX. Eligibility Requirements to Receive Medical Benefit Payments from the VantageCare Retirement Health Savings Plan <br />A. A Participant is eligible to receive benefits: <br />❑ At retirement only (also complete Section B.) <br />Definition of retirement: <br />❑ Sameas Section Vll.B. <br />❑ Other <br />❑ At separation from service with the following restrictions <br />® NO restrictions <br />❑ Other <br />B. Termination prior to general benefit eligibility: In case whcrc rhe gencml bencfir eligibility a% onrlined in Section <br />IKA includes a retirement component, a Participant who separates from service of the Employer prior to retirement <br />will be eligible to receive benefits: <br />m Immediately upon separation from service <br />❑ Other <br />C. A Participant that becomes totally and permanently disabled <br />❑ as defined by the Social SecurityAdministration <br />® u defined by the Employer's primary retircmcnt plan <br />❑ other _ <br />will become immediately eligible to receive medical benefit payments from his/her VantageCare Retirement <br />Health Savings Plan account. <br />D. Upon the death of the Participant, benefits shall become payable as outlined in Section XI. <br />X. Permissible Medical Benefit Payments <br />Benefits eligible for reimbursement consist of: <br />® All Medical Expenses eligible under IRC Section 213' other than (i) direct long-term care expenses, and (ii) <br />expenses for mcdicincq or drugs which are not prescribed drugs (other than insulin). <br />❑ 'Ihe following Nledical Expenses eligible under IRC Section 213` other than (I) direct long -terra care expenses, and (ii) <br />expenses for medicines or drugs which arc not prescribed drugs (other than insulin). Select only the expenses you wish to <br />cover under the V;mtageCam Retirement Health Savings Plan: <br />❑ Medical Insurance: Premiums <br />❑ Medical Oto -of -Pocket Expenses, <br />❑ Medicare Part B Insurance Premiums <br />❑ Medicare Part D Insurance Premiums <br />al <br />25E-102 <br />
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