HEALTH BENEFITS
2008 BENEFIT INFORMATION
2008 HEALTH INSURANCE and HEALTH REIMBURSEMENT ACCOUNT (HRA) - Clergy and lay employees that have health insurance coverage through the Diocese of Iowa will see a change in 2008 to a higher deductible plan and the introduction of a new employer-funded Health Reimbursement Account (HRA) to help offset the increased employee out-of-pocket costs.
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2008 Health Insurance & HRA Information
Insurance Comparison Summary 2007-2008
Employer Responsibilies
2008 HRA Reimbursement Claim form
Additional information about Health Insurance can be found on the Church Pension Fund website.
SUGGESTION FOR EMPLOYERS REGARDING OFFSET FOR OUT-OR-POCKET INSURANCE EXPENSES (Board of Directors - September 14, 2007 )
RESOLUTION NO. VI
BE IT RESOLVED, That the Board will send a suggestion to congregations that parish budgets have a line item to cover the difference between the current out-of-pocket maximum for clergy and the new out-of-pocket amount to offset the potential costs to families.
This suggestion is to help protect clergy on the diocesan health insurance plan from potential increased out-of-pocket costs in 2008. It would be used only after the maximum reimbursement available through the HRA has been met. For 2008, the difference between the 2007 out-of-pocket maximum and the new 2008 out-of-pocket maximum with HRA is $700 for single and $1,350 for family coverage.
FLEXIBLE SPENDING ACCOUNT (FSA) through the Diocese of Iowa and administered by Kabel Business Services of West Des Moines. A FSA is voluntary and allows an employee to set aside a portion of his or her earnings pre-tax to pay for qualified medical expenses. Money deducted from an employee's pay for an FSA is not subject to payroll taxes, resulting in a substantial payroll tax savings. The FSA can be used to pay for medical expenses not paid for by insurance; this usually means deductibles, co-payments, and coinsurance, but may also include expenses not covered by the health plan such as dental and vision expenses and over-the-counter medications.
Enrollment in this plan must take place prior to January 1 each year. New employees have 30-day grace period in which to enroll.
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2008 Flexible Spending Account Information
2008 FSA Reimbursement Claim Form
