Agenda - Council - 03/11/2025 - Laserfiche WebLink

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Administrative Features Plan Year For financial reporting purposes, the plan year is identified as a fiscal year running from July 1 to June 30. For plan provisions, the plan year is identified as a calendar year running January 1 to December 31. Reimbursements Eligibility Participants are eligible to request reimbursements from their Plan upon: ■ Retirement; ■ Termination of employment at any age; ■ Receipt of a disability benefit from a Minnesota public pension plan. Returning to Work After Termination or Retirement Rehired Employee A rehired employee is defined as a Participant re-employed by a previous public employer that sponsored their HCSP and whose status as a terminated employee of the sponsoring employer lasted less than 13 consecutive weeks, or less than 26 consecutive weeks, if employer is an educational organization. Generally, a rehired employee is not eligible to request reimbursement of medical expenses incurred after they return to work. Exception: Participants may be reimbursed with funds credited to their HCSP account prior to January 1, 2014, provided they are rehired in a position that is not eligible for employer -sponsored medical insurance coverage. New Employee A new employee is defined as a Participant who returns to work with a: • different employer; or • previous employer that sponsored their HCSP and the period of absence with no earnings from that employer was 13 consecutive weeks or longer, or 26 consecutive weeks or longer, if employer is an educational organization. A new employee may request reimbursement of eligible medical expenses from the account balance attributed to their previous employment. The account balance attributed to the new employment cannot be accessed until the Participant terminates service. HCSP Plan Document December 1, 2023 10