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| Volume 2, Issue 2: January 26, 2007 |
Health Savings Account Pre-Tax Contribution Program Health Savings Accounts (HSAs) continue to grow in popularity as people look for smart ways to stretch their healthcare dollars. And with recent improvements, such as the pre-tax contribution program, HSAs are even more attractive. Many employers are offering employees the option of making HSA contributions with pre-tax money through convenient payroll deductions. Manley Services makes setting up a program fast, easy, and cost effective. For just $150 a year, we will provide your client with a Premium Only Cafeteria Plan with an HSA option built in. This allows your client to legally take the contribution made by their employees on a pre-tax basis, reduce the employee's paycheck by the same amount, and send the contribution directly to the financial institution that administers the HSA. To get started, your client will need to complete and sign the one-page Premium Only Plan Agreement form, then mail or fax it to Manley Services. An employer needs to have an underlying cafeteria plan through Section 125 for pre-tax contributions. For more information, please contact Manley Services by phone at (541) 485-7488, or toll-free at (800) 422-7038, or by e-mail at sales@manleyserv.com. If you have questions regarding HSAs or consumer-directed healthcare, you're welcome to contact Manley Services President Stan Manley. Manley Services is a PacificSource company. They are a licensed third party administrator specializing in flexible spending accounts, health reimbursement arrangements, and COBRA administration. For more information, visit their Web site at www.manleyplan.com. Find Our PDL and VDL Online PDQ Our current Preferred Drug List (PDL) and Value Drug List (VDL) are only a click away! These and many other forms, fliers, and brochures are available for download on our Web site, www.pacificsource.com. Just click For Agents , click Materials , and then select the type of materials you are looking for—sales, administrative, individual, member, Spanish language, or benefit summaries. You can bookmark your favorite pages, so when you need a current document, you'll have it PDQ—pretty darn quick! Pop Quiz: When is Open Enrollment for Medical Plans? A. Every month Answer D is correct. Enrollment for PacificSource medical plans occurs when there is a qualifying event, instead of during an open enrollment period. Without a qualifying event, employees and their family members are enrolled after a special enrollment waiting period. For additional details, please feel free to contact your Marketing Service Representative. Our Healthy Communities Giving Program is designed to help the nonprofit organizations that serve the communities where our members live. Through this program, we provide financial support, in-kind donations, and employee volunteer assistance to organizations working toward some or all of the following goals:
In 2006, we were pleased to help more than 65 different organizations throughout our region, including:
Our Healthy Communities program is administered by a PacificSource employee committee that reviews requests and makes recommendations. Please visit the About Us/Community Giving area of our Web site for information about the Healthy Communities Giving Program or to submit a request for an organization in your community. |
Questions? You’re always welcome to contact us! |
Eugene Bend Medford |
Portland Manley Services Select Benefit Administrators |