After selecting your benefits you will have
the opportunity to choose where to assign any unused Flex Dollars. If the Flex Dollar Allowance is greater than
the total Flex Dollars that will be used for premiums you can apply the unused
dollars to a personal Health Care Spending Account, Wellness Account, Group
RRSP, reduce your payroll deduction or a combination.
Health
Care Spending Account
The Health Care Spending Account
can be used for the following expenses:
You can view all covered HCSA expenses under the CRA at
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/330/llwxpns-eng.html.
Common dental or medical
expenses that Canada Revenue Agency (CRA) considers eligible for a medical expense
credit under a person’s income tax return.
For example:
·
drugs and medication
which are normally covered under their regular plan (as well as other drugs not
included in their regular plan) so long as they are prescribed by a doctor and
dispensed by a pharmacist.
·
dental care expenses
normally covered under their regular plan as well as other expenses such as
crowns, bridgework and orthodontics. No
age limits or frequency limits apply! (dental expenses must have procedure codes in the respective
Provincial Fee Guides).
·
professional fees for medical practitioners such
as an acupuncturist, chiropractor or naturopath
·
eye exams, eyeglasses, contact lenses, and
hearing aids
·
private hospital accommodation
·
medical devices and supplies
·
psychiatric or psychological counselling
·
nursing home care
·
out-of-country health care resulting from an
emergency while travelling or from a physician’s referral
·
nutritional counselling
They can also pay for:
·
medical expenses for a financially dependent
family member such as a parent, brother or sister, even though he or she may
not be covered under the regular group plan (so long as that person is claimed
as a dependent on your income tax return), or
·
your spouse’s premium
contribution to his/her group plan or premium for individual travel health
insurance.
NOTE: Flex Dollars allocated to this account must
be used in the year that they are allocated. They can not
be carried over to the following Benefit Year. In April, you are required to
submit all eligible expenses for reimbursement from your account.
Wellness
Account
The My Choice Wellness Account can help
motivate you to adopt positive changes in your behaviour
that can directly impact your health and well-being.
This account allows for the reimbursement
of specific wellness-related expenses such as a gym membership or athletic
equipment. Under the My Choice benefits program, you'll have an opportunity to
allocate your unspent Flex Dollars here.
Reimbursements under this option are a
taxable benefit. Similar to the Health Care Spending Account, the Flex Dollars
allocated to this account must be used in the year that they are allocated.
They can not be carried over to the following Benefit
Year.
Eligible Expenses:
You can submit the following eligible
expenses for reimbursement from your Wellness Account. The original receipt
must accompany your claim:
-
Fitness centre memberships, monthly or annual
activity or facility fees
-
Certified personal trainer
-
Instruction for a physical activity (Instruction
fee only)
-
Lifestyle or weight management program
fees/nutrition counselling (offered by accredited
practitioners)
Submitting your
Eligible Wellness Account Expenses for Reimbursement:
You can submit your
eligible expenses directly to Human Resources for approval. Complete the Wellness
Account Reimbursement form and attach your original receipt which includes your
name, type of services, total amount, provider name and address. Please forward
to the Human Resources for reimbursement, keeping a copy for your files. You
may submit claims in September and April each year. Communication and
instructions will be sent during this time as a reminder. Reimbursement will be
made via your regular pay and a pay date after the close of submission (either
October or May).
RRSP
Allocation
If you are a member of the Security Plus Plan you are able to deposit excess credits to your
Group RRSP. Deposits made are considered a lump sum contribution and are not
matched by Ingram Micro. Unspent credits deposited to the Group RRSP are
subject to CPP and EI deductions. Deposits are made in April each year and will
appear on your pay stub.