OCTOBER IS NATIONAL RETIREMENT SECURITY MONTH. As we navigate through our “new normal” with virtual events, Virginia Retirement System wants to make sure that employees stay informed about their retirement benefits. VRS Plan 1, Plan 2 or Hybrid For our VRS Participants, our area’s dedicated Outreach Counselor has initiated “Webinar Wednesdays” – a chance for VRS participants to engage in a live VRS webinar and ask questions at the end of the presentation. A list of upcoming webinars is available. VRS Members Annual Member Benefit Profile Statement The 2020 Member Benefit Profiles are available to Plan 1, Plan 2 and Hybrid Retirement Plan members in their myVRS accounts. This year, MBPs sport a fresh design to streamline access to key information about a member’s account and projected VRS benefit. The MBP is an annual benefit statement based on information employers report to VRS as of June 30. It provides account balance information, retirement eligibility and … [Read more...]
2020 Annual Health and FSA Open Enrollment
2020 Annual Health and FSA Open Enrollment May 1 to May 15 See the DHRM site for more information. … [Read more...]
Delta Dental ID Cards Mailed in Error
DHRM was notified that separate Delta Dental specific ID cards were mailed in error recently to a number of COVA Care, COVA HDHP, and COVA HealthAware plan participants. All affected participants will receive a letter from Delta Dental explaining the error. Since your current member ID card include the Delta Dental information, these cards should be destroyed as there may be discrepancies in coverage levels. … [Read more...]
10th Annual Health and Wellness Fair
The 10th Annual Health and Wellness Fair Hosted by University of Mary Washington Dining Services on Wednesday, March 11 from 4 to 7 p.m. in the Chandler Ballroom of the University Center. We will have some employee vendors onsite from 4 to 5:30 p.m. … [Read more...]
Auto-Adjudication for PayFlex Card Transactions
PayFlex receives claim files from Anthem, Aetna, and Delta which often allow them to accept PayFlex health FSA card transactions without needing any additional documentation. This applies to standard copayment amounts and coinsurance amounts where the out-of-pocket cost and date of service reported on the file matches the card transaction. However, if the amount or date of service doesn’t match, you will be asked for additional documentation. If PayFlex requests additional documentation, you must provide it within the required timeframe to avoid the reclassification of your card transaction to taxable income and the suspension or declination of your card as required by the IRS. There were some initial file challenges during the implementation process, but they are now running smoothly and claims are being matched for auto-adjudication. Keep in mind that PayFlex typically auto-adjudicates over 90% of their card transactions! Flexible Spending Account Sourcebook is located at … [Read more...]
2019 W-2 and IRS 1095 Forms
Your 2019 W-2 and IRS 1095 forms were mailed on January 31, 2020. … [Read more...]