This notification
is addressed to Debit Card Clients who are on a calendar year plan year
(January to December)
ONLY.
If your plan year is not on a calendar year, you may delete this
notification.
CPN
will begin to send 2013 Calendar Year Renewal Packets via email in the next few
weeks. Everyone should receive their renewal packet no later than
October 15th. If you do not, please contact Katherine Reder via
email katherine@cpnflex.com.
Below
are some very important reminders for you as well as helpful information you
may want to communicate to your participants.
Unreimbursed Medical Maximum
IRS max set limit at $2,500
As you
know, the IRS has set the maximum limit on Health Unreimbursed Flexible
Spending Accounts at $2,500 effective January 1, 2013. For companies whose 2012
FSA maximum are currently set over $2,500, you will notice your FSA maximum has
been lowered to the new amount in your 2013 renewal packet. Those with limits
already set at $2,500 or lower, will be fine. However, if any client needs to
make changes to your maximum amounts, please contact Katherine Reder.
2012 Card Request Deadline
The
deadline to order 2012 take care® cards for
new hires, etc. will be October
31, 2012. Keep in mind, any new hire information you send CPN on or
after October 31st, they will be required to submit paper claims and
request reimbursement from their 2012 account.
“Dates of Service” Reminder
Please
remind participants they cannot use their 2013 take care card to pay for 2012 dates of service*. This will require the charge amount to be
adjusted, and the participant will be responsible for paying CPN back. This is
the most commonly seen occurrence and CPN cannot stress its importance enough.
If the amount is not paid back by the employee, the employer will be invoiced for
the balance due amount.
*“Dates of Service” Reminder with 2 ½
Month Claims Extension on Medical FSA Plan
Participants
who enroll in the FSA for 2013 and still have 2012 FSA money left, may use
their take care card to pay for services,
and funds will be deducted from their 2012 monies (if available) but only until 3-15-2013.
IMPORTANT: Participants must
keep up with their 2012 FSA balance. If they use their take
care card to pay for a 2012 dates of service in the 2013 plan year, and
the charge amount is greater than their 2012 FSA available balance, the
difference will be deducted from their 2013 FSA, which is not allowed and will
be adjusted requiring the participant to pay back to CPN.
During this
2 ½ month extension, the card may be use for 2013 dates of service as well, but
if funds are available in the participant’s 2012 FSA, it will pay from the 2012
FSA first until the balance goes to zero ($0.00) – this is OK, but keep in
mind, if a participant swipes for a 2013 date of service and uses all their
2012 FSA money, and then comes up with a 2012 date of service bill they need to
pay, they will not be able to claim this expense because their
2012 FSA balance will at that point be zero ($0.00).
Pending IRS-verification on charges made on a prior account
Participants
need to check their
MyFlexOnline account by going to
www.cpnflex.com to see if they have any
charges requiring IRS-verification. They may view this list from their “pending
payments” screen. If their current plan year card is placed on suspension due
to pending itemized statements or Explanation of Benefits, this will also cause
their “future” card status to remain suspended until their prior plan year has
been addressed.
Thank
you for allowing CPN to be your plan administrator and we look forward to yet
another great year.
CPN
Management
