Employees' home using address information on file with SCO. Direct Deposit will be available starting January ,  Participants can enroll by going to ASI's website at www.asiflex.com, then click on "Forms" and then click on "Direct Deposit/Email Notification Form." Employees should be reminded to verify the address information on file with SCO through their Personnel Office and to complete an "Employee Action Request" (EAR) Form (STD. ) if the address is not correct. The TPA (recordkeeper) is sent updated address information by SCO twice monthly on the st and the th.

Depending on when the EAR is processed the recordkeeper will update its address files accordingly. Employees should be reminded to verify the address buy bulk sms service information on file with SCO through their Personnel Office and to complete an "Employee Action Request" (EAR) Form (STD. ) if the address is not correct. The TPA (recordkeeper) is sent updated address information by SCO twice monthly on the st and the th. Depending on when the EAR is processed the recordkeeper will update its address files accordingly.

  Extension of Benefits for / Months into the Next Plan Year

If the participants' rembursement account is active on December , the IRS rules on deferred compensation allows payment for medical and dependent care expenses incurred up to two and one-half months after the end of the plan year. In other words, employees may use money deducted during one plan year to pay for medical and dependent care expenses incurred up to March th of the following year. Employees still have until June th of the following year to claim expenses incurred up to March th and any unused amount at that time will be forfeited pursuant to IRS Rules.
 
Claims will be paid in the order in which they are received. If the employee has an account balance in their prior plan year's account, and a claim is received with a date of service during the grace period, the expense will automatically be paid from their prior plan year's account. If a claim is received at a later date, with a date of service in the prior plan year, and all the funds have been paid from their prior plan year account, the claim will not be paid.
 
For this reason, it is important that the employee file claims in the order that their expenses are incurred. This will help to assure that they maximize the use of their account for both plan years.
 
If the participant cancels their Dependent 

Care or Medical Reimbursement Account during the plan year, or if they leave state serivice or retire and do not continue their MRA deduction via COBRA, they are not eligible to receive payment for services during the Grace Period (through March of the following year).
 
 Medical Reimbursement Account

IRS regulations require the State to make the full annual contribution amount available from the Medical Reimbursement Account (MRA). As a result, employees who incur eligible medical expenses can be reimbursed at any time during the plan year based on their annual contribution amount even though all of their monthly payroll deductions have not been taken.
 
For example, an employee enrolls in FlexElect and authorizes a monthly deduction of $ (annual contribution of $,) into a MRA. This employee could incur an eligible expense in the amount of $, in March, and submit a claim form along with a copy of the receipt for the $, medical expense. The State would be required to pay the employee $, (the annual maximum contribution) in March regardless of the fact that the employee had only contributed $ into his/her account (deductions from the December, January, and February pay period paychecks at $ per month). The remaining deductions (March through November pay periods) would basically pay back his/her MRA. 
 
Dependent Care Reimbursement Account

Unlike the Medical Reimbursement Account, the funds must be deposited in the participant's account and the service period has to have passed before the Dependent Care Reimbursement Account claims can be paid.