Laserfiche WebLink
Introduction <br />The Health Care Savings Plan (HCSP) is an employer -sponsored program administered <br />by the Minnesota State Retirement System (MSRS) that allows employees to save <br />money for reimbursement of post -employment medical and dental expenses and/or <br />health insurance premiums. Contributions are made by Minnesota public employers to a <br />trust on behalf of its employees. Amounts credited to an employee's account can be <br />used to reimburse eligible healthcare expenses after the employee terminates <br />employment from public service or in other limited circumstances. <br />Participants may choose from the available investment options provided by the <br />Minnesota State Board of Investment (SBI). It is intended that assets in the program <br />accumulate tax-free, and are paid out to Participants on a tax-free basis for <br />reimbursement of eligible healthcare expenses (in accordance with IRS Publication 502 <br />and Internal Revenue Code 213(d)). <br />Plan Sponsor And Trustees The Board of Directors of the Minnesota State <br />Retirement System <br />60 Empire Drive, Suite 300 <br />St. Paul MN 55103 <br />651-296-2761 <br />Plan Administrator Information The Executive Director <br />Minnesota State Retirement System <br />60 Empire Drive, Suite 300 <br />St. Paul, MN 55103 <br />651-296-2761 <br />Name of Plan Health Care Savings Plan (HCSP) <br />Plan Custodian Empower Trust Company, LLC <br />8115 East Orchard Road <br />Greenwood Village, CO 80111 <br />Plan Recordkeeper Empower Annuity Insurance Company of America <br />8515 East Orchard Road <br />Greenwood Village, CO 80111 <br />HCSP Plan Document <br />December 1, 2023 <br />3 <br />