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2023/11/29 Council Agenda Packet
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2023/11/29 Council Agenda Packet
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12/4/2023 10:53:02 AM
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11/29/2023 6:06:59 PM
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Council Agenda Packet
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11/29/2023
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© Peak One Administration 2016 15 <br />may apply to Client or the Benefit Plans. Consequently, PSP provides no warranty or <br />representation regarding the compliance status of any documents or forms it provides to Client. <br />2. Salary Reduction Elections. All elections and changes to elections will be processed in accordance <br />with the terms of the plan document adopted by Client and provided to PSP. PSP will also process <br />Change of Status Elections consistent with Client’s instructions. PSP will also maintain on- going <br />records of activity affecting each employee election. <br />3. Enrollment and Salary Election Services. PSP will process and maintain employee census and salary <br />reduction and employer contribution information for the applicable Benefits Plans based on the <br />information provided by Client, including initial enrollments in the Benefit Plans, annual <br />enrollments and changes made to such payroll deductions in accordance with the terms of the <br />plan document for applicable Benefit Plan. PSP will process initial enrollment forms, Change of <br />Status Elections and revocation forms based on information provided by Client. PSP will provide <br />forms to Client to use for communicating participant elections, terminations and changes. PSP will <br />process and send Pay Cycle Contribution Billing Reports to Client confirming the deductions that <br />should be taken for premiums, flexible spending accounts, and personal policy plans. PSP will, on <br />an as requested basis, provide periodic re-enrollment services. On an annual basis, PSP will provide <br />a Change of Status Report and renewal elections forms. <br />4. Processing of Reimbursements. PSP will process requests for reimbursements made by <br />Participants in accordance with the terms of this Agreement, its standard operating procedures, <br />and the particular plan. For HRA reimbursement claims, the participant must submit a voucher <br />(on the form provided by PSP) stating that the amount claimed has not been, nor will be <br />reimbursed under any other health plan or otherwise, along with written proof of the claim from <br />a third party documenting the date incurred, the nature and the cost of the claim. For FSA <br />reimbursement claims, the participant must submit a voucher (on the form provided by PSP) <br />stating that the amount claimed has not been, nor will be reimbursed under any other health plan <br />or otherwise, along with written proof of the claim from a third party documenting the date <br />incurred, the nature and the cost of the claim. For DCAP reimbursement claims, the participant <br />must submit a voucher (form provided) containing the following required information: <br />dependent’s name; name, address and tax ID number of the dependent care provider; and the <br />dates of services. Reimbursements under the 129 Plan are limited to the amount in the account. <br />Unpaid portions of the DCAP voucher will be automatically paid during the check processing cycle <br />after the next contribution has been posted to the account. <br />5. Participant Assistance. PSP will assist plan participants with general information pertaining to the <br />Benefit Plans and answer routine questions concerning coverage status, claims status, complaint <br />administration, and other general inquiries related to the Benefit Plans. Participants will have 24- <br />hour access to their accounts balance, check history and voucher history for the current plan year <br />via the internet and access to PSP’s call center during normal business hours. <br />6. Claims Processing. PSP will administer and process claims for benefits in accordance with the Plan <br />Document and Summary Plan description. Based on the eligibility information provided by Client, <br />PSP will initially determine if an individual is entitled to benefits under a Benefit Plan and will <br />process submitted claims in its usual and customary manner for the service options elected by <br />Client. PSP will have no duty or obligation with respect to claims processed prior to the Effective <br />Date (“Prior Reimbursement Requests”), if any, and/or plan administration (or other) services <br />arising prior to the Effective Date (“Prior Administration”), if any, regardless of whether such <br />services were/are to be performed prior to or after the Effective Date.
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