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you decide to change or discontinue your contribution or until you reach the
maximum dollar amount specified by the IRS yearly. Your contribution rate may
be changed monthly and must be in whole percentages.
You are immediately 100% vested in all amounts in your account, those
contributed by you, as well as any matching company contributions.
The plan has several investment options. It is your choice as to how your
contribution is invested in the plan. You may also rollover funds from a previous
retirement plan into the HHHunt plan.
FLEXIBLE SPENDING ACCOUNTS (FSA)
MEDICAL AND DEPENDENT CARE
Eligible employees may budget for medical and/or dental insurance costs as well as
dependent care expenses to be withdrawn on a pre-tax basis and deposited into a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
regular part-time employees 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.
HEALTH INSURANCE
HHHuntÊs health insurance is comprehensive in nature, and includes hospital,
surgical, preventative and medical care, mental health, vision, and prescription
medication benefits. The Company contributes significantly towards your health
care premium.
HHHuntÊs health plan is a self-funded plan. This means that each time you go to
the doctor, hospital or get a prescription filled; HHHunt is paying the portion
that is not the employeeÊs responsibility. The insurance carrier is only
processing the claims on HHHuntÊs behalf. In order to control our health plan
premiums, we should all continue to choose generic drugs when available, go to
the emergency room only when it is truly an emergency, use in-network
providers and get an annual wellness checkup to catch problems early on. Being
smart healthcare consumers will help us to control medical costs, saving ALL of
us money!
Please refer to your carrier booklet, which describes details of the plan. Carrier
booklets are made available on EagleNet, through the carrier website, or you may
request a paper copy by contacting the carrier.
DENTAL INSURANCE
HHHunt offers regular full-time employees, regular part-time employees, and
their dependents an extensive dental insurance plan. Coverage includes preventive
and diagnostic, restorative, and prosthodontic treatment.