Participation ends upon termination. Under federal law, you will be eligible to continue participation in the Medical Reimbursement Account for a specified period of time by continuing to pay your contribution plus an additional amount to cover administrative expenses. You will be given information by the Administrator about this upon termination of employment. All Medical Account contributions made in conjunction with continuation must be paid by you, and are paid on an after-tax basis. Dependent Care - You will be able to request reimbursement for unclaimed qualifying dependent care expenses for the remainder of the Plan Year from your account balance.
Participation ends upon termination.
Social Security Taxes will not be withheld on the amount in which you contribute to these benefits. Your social security benefits may be slightly reduced because of this. It will be important for you to remember that you will want to spend all the money you have elected for a benefit by the end of the Plan Year, since any remaining money left will be forfeited by you. The provisions of your amendedplan become effective on July 1, 1991. The records of the plan are kept over a period of time defined as the Plan Year.