It is very important to decide on the amount to be placed in each account very carefully and conservatively. Health Insurance - You will be covered for the period for which you have paid premiums for coverage. Under Federal law you, your spouse, and your dependents may be entitled for continuation of healtH care coverage. The Plan Administrator will inform you of these rights if you terminate employment. Medical Reimbursement - You will be able to request reimbursement for unclaimed expenses incurred prior to your date of termination.
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.