1. 7/25/2016
State of Minnesota
Pre-Tax Benefits 2018

2. Agenda Flexible Benefits Plan Transit Expense Plan
7/25/2016
Flexible Benefits Plan
Transit Expense Plan
Health Reimbursement Arrangement (HRA)

3. Transit Expense Accounts?
7/25/2016
Why Elect
Flexible Spending and
Transit Expense Accounts?
Save approximately 25-30% in taxes by electing flexible spending and transit expense accounts
$500 Election = Approximately $125 in tax savings
Note: If you or a dependent contribute to an HSA account – enroll in Limited-Purpose MDEA or HRA for dental and vision expenses to avoid potential adverse tax consequences
For the Note just mention: ‘If your spouse and/or eligible dependents has a Health Savings Account, see us to find out your options.’

4. Flexible Benefits Account Types
7/25/2016
Flexible Benefits Account Types
Medical/Dental Expense Account (MDEA)
Each State employee may elect up to $2,650/year
$2,650/year is the limit for 2018
Dependent Care Expense Account (DCEA)
Elect up to $5,000/year per family
Election Changes accepted with a qualifying event
These are ‘Use or Lose’ accounts
(The DCEA is a ‘Use or Lose’ account and some MDEA participants may be eligible for a $500 carryover)
$100 minimum annual election per MDEA or DCEA required

5. MDEA $500 Carryover Up to $500 of unused MDEA funds for 2017
7/25/2016
MDEA $500 Carryover
Up to $500 of unused MDEA funds for 2017
may be carried over into your 2018 account
**If you have made all 2017 contributions
Carryover funds do not affect any new election
you might make for 2018
Carryover funds can be used for any 2017 expenses during the
run-out period (through February 28, 2018) or
For any 2018 expenses January 1 – December 31
Carryover up to $500
Don’t spend a lot of time on this slide. Mention 3 things 1) Yes, there is a carryover 2) Yes, you mayke a new election and/or have a carryover amount and 3) Use carryover funds during the run-out or they become part of the new plan year.

6. Transit Expense Account Types
7/25/2016
Transit Expense Account Types
Parking
Bus Pass/Vanpool
For expenses not paid through Payroll Deduction Account (PDA)
2018 limits are $260 per month for parking and $260 for transit
Bus & light rail passes under the BVEA must be purchased using the debit card
Sign-up or change election during the year
Funds can rollover into the next plan year with annual reenrollment
$50 minimum annual election per account required
See our Transit Expense Plan
document for additional information
Stress new change with the transit expenses….can only purchase with debit card; contributions must be available first.
For out-State, only applies to Duluth & St. Cloud

7. 121 Benefits Mobile App View account activity and check balances
7/25/2016
121 Benefits Mobile App
View account activity and check balances
Submit claims for MDEA, DCEA, HRA
and/or the TEA for parking or vanpool
View claims requiring receipts
Snap a photo of a receipt and submit as a new claim
or add to an existing claim or debit card transaction
Scan  Here
121 Benefits Mobile App
Report a debit card as lost or stolen
Sign up for text alerts, and more!

8. Debit Cards: MDEA, HRAs & Transit only
7/25/2016
Red Benny card is transitioning to the blue, 121 Benefits Debit card for cards issued after mid-November, 2017
Bus & light rail passes under the BVEA must be purchased using the debit card
The card is good for three years
Auto substantiation rate for the benefit card is 85-90% always save documentation
Transactions/claims are deducted in the following order:
State HRA >
MDEA >
Minnesota State HRA
(if applicable)
Many participants received new Benny cards last year after theirs expired. If you have card that expires at the end of Nov/Dec, you will receive a set of blue cards at no cost. If you request additional cards (for a $10 fee) beginning around mid-November, you will receive a set of blue cards. Don’t mention ordering rules; they should understand these rules by now. 

9. Participant Website Capabilities
7/25/2016
Participant Website Capabilities
Single sign-on website: Log-in using your employee ID plus the last four digits of SSN
Self-service: File claims, upload receipts, order debit cards, enroll in direct deposit
Go Green Initiatives: alerts, statements, notification history; view all correspondence history within the past year
Participant site will be updated with the State’s colors and logo….within the next couple of months.
New Look to the Participant Website coming soon 

10. FSA Store: The Flexible Spending Account Site
7/25/2016
FSA Store:
The Flexible Spending Account Site
Simple Exclusively stocked with FSA / HSA eligible products, tools and services
Convenient Free shipping on orders of $50+, one-to-two day turn around, 24/7 customer service
Positive Outcomes A more informed and active participant
No Cost Available on our website

11. Reminders Enroll during Open Enrollment October 26 – November 8, 2017
7/25/2016
Reminders
Enroll during Open Enrollment
October 26 – November 8, 2017
Save all documentation as you may need to verify expenses per IRS regulations
Manual claims will automatically offset debit card transactions
if your card is on hold or

12. www.121benefits.com customerservice@121benefits.com
7/25/2016 or