Overview of the New Monthly YTD Reports Effective 9-1-13 1.

Slides:

Advertisements

Similar presentations

Group Name Plan Year: 00/00/ /00/0000 Presented By:

Advertisements

Presented By: Your Name Here Your Title Here. Instructions: Find and Replace Delete This Slide Before Presenting Getting Started: Enrollment presentations.

Group Name Employer ID: CHO Plan Year: 01/01/ /31/2015

Using tax-free dollars is the smarter way to pay medical expenses YourFlex makes it easy Offered through The Capitol Group of Companies Administered by.

Using tax-free dollars is the smarter way to pay medical expenses YourFlex makes it easy FSA Enrollment for Skyline CAP October 1, September 30,

TownHall Software, Inc. Features of the MARGE Accounting System.

Where can I use my Benefit Card? The IRS now requires that the Benefits Card can only be used at health care providers who have a health care-related merchant.

© 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill Career Education Computers in the Medical Office Chapter 1: The Medical Office.

1 Paying it Safe everything you need to know about making the billing and payment process efficient and painless Kimberley A. Kercheval Executive Associate.

Integrate empower communicate Flexible Spending Accounts Health Reimbursement Arrangements Commuter Transit and Parking Accounts Health Savings Accounts.

Group Name Plan Year : 1/1/11-12/31/11. Find and Replace ( to be edited) Getting Started: Enrollment presentations can be shown to your employees to help.

Using tax-free dollars is the smarter way to pay medical expenses YourFlex makes it easy.

Section 125 Flexible Spending Account Plans: Dependent Care, Medical Premium & Unreimbursed Medical Expenses Employee Briefing May 2010.

Health Savings Account and Flexible Spending Accounts

1 Group Name Plan Year : 1/1/12-12/31/12. Find and Replace (Delete Slide before Presenting) Getting Started: Enrollment presentations can be shown to.

Group Name Plan Year : 1/1/12-12/31/12. Find and Replace ( to be edited) Getting Started: Enrollment presentations can be shown to your employees to help.

Self-Funded Billing. New features and enhancements will be available after migration. Reduction in amount of funds required to have on deposit with IBC.

Using tax-free dollars is the smarter way to pay medical expenses YourFlex makes it easy.

Group Name Employer ID: CHO Plan Year: 01/01/ /31/2015 Presented By: Name Title.

Group Name Plan Year : 1/1/12-12/31/12. Find and Replace (Delete Slide before Presenting) Getting Started: Enrollment presentations can be shown to employees.

Group Name Plan Year : 1/1/12-12/31/12. Find and Replace ( to be edited) Getting Started: Enrollment presentations can be shown to your employees to help.

Using tax-free dollars is the smarter way to pay medical expenses YourFlex makes it easy Offered through The Capitol Group of Companies.

HealthTranz Payment Solutions Total Payment Solutions for Healthcare Practices.

B Overview of The Bancorp Bank HSA Solution for Excellus The Bancorp Bank’s Health Savings Account Program Overview for Independence Blue Cross Brokers.

PURPOSE OF PAYROLL CERTIFICATION 1 The Payroll Certification is an important tool for Fiscal Officers and/or Delegates. It’s purpose is to allow Fiscal.

National Association of Student Financial Aid Administrators Presents… John Kolotos Carney McCullough US Department of Education CASH MANAGEMENT Current.

Client Webinar Session/Training Flexible Spending Accounts 2011 Open Enrollment CBIZ Flex September 30, 2010.

Using tax-free dollars is the smarter way to pay medical expenses YourFlex makes it easy Benefit Solutions, Inc.

FGCU Sport Clubs Officer Orientation Fall Today’s Agenda O Overview of Manual O Section by section coverage O Points of interest O Checking account.

MyFlexOnline.com Employee Website. First Time User Log In Log on to myflexonline.com Click New User.

Group Name Plan Year : 1/1/11-12/31/11. Find and Replace ( to be edited) Getting Started: Enrollment presentations can be shown to your employees to help.

HP Provider Relations Febuary 2012 Finance Successfully Reading Your RA Financial.

Flexible Spending Accounts Plan Overview. What is a Flexible Spending Account (FSA)? There are two types of FSA’s. The two types of accounts are medical.

Reduce Your Costs Dramatically: Consolidate Healthcare Payments, Deliver Electronically TriZetto Healthcare Conference 2014 Presented by Bill Davis, ECHO.

2016 Retiree Meeting.  Retiree Continuation of Benefits  When do my active benefits end?  What can be continued and for how long?  How do I make my.

Using tax-free dollars is the smarter way to pay medical expenses

Group Name Employer ID: CHO Name Here Title Here.

Group Name Employer ID: CHO Name Here Title Here.

Group Name Employer ID: CHO Name Here Title Here.

Using tax-free dollars is the smarter way to pay medical expenses

Heath Reimbursement Account (HRA)

Using tax-free dollars is the smarter way to pay medical expenses

Group Name Employer ID: CHO Name Here Title Here.

CompuSys/Erisa Group Inc

2018 Open Enrollment Nutley Board of Education

HRA Employee Guide This brochure is designed to give you only the highlights of your HRA Plan with OCA. For a complete description of the terms and conditions,

Course Reimbursement Professional Staff Seaford School District

Post-Employment VEBA.

Group Name Employer ID: CHO Name Here Title Here.

Group Name Employer ID: CHO Name Here Title Here.

Group Name Employer ID: CHO Name Here Title Here.

Company Name HRA Employee Guide

Group Name Employer ID: CHO Name Here Title Here.

Managing your take care® by WageWorks Plan

Commuter Employee Guide

University of South Florida Credit Card Presentation

The Community Eligibility Provision (CEP)

Health Care Flexible Spending Account (FSA) – Is a pre-tax benefit account that helps you to save money while paying for healthcare expenses for yourself.

WTIA FSA/HSA Plan Implementations Webinar

Outbound Journey Treasurer Documentation Summary

WageWorks Portal Presentation

HEALTH REIMBURSEMENT ARRANGEMENT (HRA)

Member portal overview

Member portal overview

Flexible Spending and Transportation Benefit

Flexible Spending Accounts

Flexible Spending Accounts

Flexible Spending and Transportation Benefit

Member portal overview

Flexible Spending Accounts

Presentation transcript:

Overview of the New Monthly YTD Reports Effective

What Changes Were Made to the Report? No more Social Security Numbers on YTD Reports! No more secure s from YTD Reports! We have removed the Social Security Numbers from the Monthly YTD reports so they can be sent as a regular . PDF vs Excel Now you get your choice…PDF or Excel. You requested the reports in an excel format so you could manipulate the data. More Detailed Reports The additional details on this report will help you better analyze your benefits plan. 2

What Should I Look for My 1 st Time Reviewing the Report? 1.With the migration complete, you would review your participants and their elections the first time you use this report. 2.Tie out your weekly activity for the month with your YTD report. Tie out your YTD balance. 3.Review the report labels and headers to identify the differences between the new report and the old report. 4.Analyze your FSA using the additional data that is presented in this report. 3

New Monthly YTD Report Beginning in September, your monthly YTD report will be sent to you via , attached in an excel spreadsheet. This report is used to balance the weekly transactions. The first page is the Summary and the remaining pages show the Detail. These reports are also available in the Employer Portal. 4

New Report Headers Definitions Prior Report Headers 1.Consumer Participants 2.Paid Disbursement 3.Consumer Deposits Contributions New Account Balance Detail Report: Account Summary Page Prior Monthly YTD Report: Summary Page 2 3 5

Account Balance Details Page The Account Balance Detail Pages show the details of your benefit plan on a per participant basis. 6

1 Definitions 1.Identifier – The identifier is a computer generated number created by Lighthouse 1 and is in compliance with HIPPA Regulations, which eliminates the need for sending these reports in a secure . 2.Fees – Benny Card re-issue fees. 3.Consumer Deposits – Participant contributions. 4.Plan Year Balance – Balance used to determine whether or not a claim will be approved for payment when the account is funded based on contributions and not 100% available on the start of the plan year. Plan year balance = Election – Paid Claims – Pending Claims – Fees. 5.Available Balance- Balance used to determine whether or not a claim will be reimbursed. 1.Pre-funded Plans (ex. Medical FSA) = Election – Payments – Pending Claims – Fees. 2.Accrual Plans (ex. Dependent Care) = Contributions – Payments – Pending Claims – Fees. 6. Cash Balance - Cash Balance in Account. Cash Balance = Total Contributions – Claims Paid – Fees

Questions BeneFLEX HR Resource INC Sunset Office Drive Suite 401 Phone: ext. 4 Toll Free: (outside St. Louis) Fax: Website: We hope this PowerPoint has helped introduce you to the new YTD Summary & Detail Reports 8