Senior Living Handbook 2018

FLEXIBLE SPENDING ACCOUNTS (FSA) MEDICAL & DEPENDENT CARE

Eligible team members may budget for medical and/or dental expenses as well as dependent child care expenses to be withdrawn on a pre-tax basis and deposited into a personal FSA for tax-free withdrawal. Medical expenses allowable through an FSA typically include insurance deductibles, insurance co-pays, any medical expenses not paid for by the medical plan, and prescription drug co-pays. Depending on your tax bracket, you may save up to 30% or more in taxes. Regular full-time and part-time team members are eligible to participate on the first of the month following 60 days of continuous employment or during the annual open enrollment period. The plan election does not renew and must be made annually. HHHunt offers all team members 21 years of age and older access to a retirement savings program called a 401(k) plan. The plan allows you to invest money for retirement on a pre-tax and tax-deferred basis (meaning you won’t have to pay taxes on your investments until you take the money out). The plan allows you to decide how and where to invest your retirement savings. You can begin participation in the plan after completing 60 days of service. HHHunt also offers each team member “Free Money” to help you get closer to your retirement goal. Specifically, immediately upon participation, HHHunt provides a 100% match to your first 3% deferral and 50% match on the next 3% deferral up to a maximum of 6% of your pay. Participants are immediately vested upon enrollment. SAVINGS & RETIREMENT (401K) PLAN

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