Upcoming Submission Deadline!
We would like to take this opportunity to remind you to submit your 2014 claims to your Health Care Spending Account (HCSA) by March 31, 2015.
2014 claims must be received by Great-West Life prior to March 31st, 2015 to be claimed against your 2014 HCSA dollars. Any unused 2014 benefit dollars remaining after this period will be forfeited.
The HCSA can be used to cover a range of benefits not normally covered under other types of group benefits plans or by provincial medical plans.
What are covered expenses?
The Income Tax Act governs the types of expenses that can be reimbursed under the HCSA. This includes medical or dental services provided by a:
- Licensed medical practitioner;
- Dentist; or
- Public or licensed private hospital.
Please visit www.cra-arc.gc.ca and search on medical expenses for a complete list.
On January 1st, 2015 your HCSA refreshed based on the Flex Option you have chosen and part-time/full-time status where applicable. Please visit www.greatwestlife.com to review your claims history and obtain your HCSA statement including balance.
Under the HCSA, you can carry forward claims up to 12 months from the date of service. This means if you had more 2014 expenses than you had 2014 HCS A dollars, you can carry forward those claims for reimbursement against your 2015 HCSA balance.
The LifeWorks website contains useful tools and articles to help you and your family prepare for winter. You even have access to seminars at www.lifeworks.com.
This month the recommended seminar is ‘Bouncing Back: How to Stay Resilient During Life’s Challenges’. Build resilience, overcome obstacles and achieve your New Year’s goals!
Did You Know?
Through the Voluntary STRATA Select Program, you are eligible for discounts on new security systems or monitoring of existing systems through AAA Alarms? AAA Alarms has three incentives depending on customer needs. Check it out!
- Save 15% off all equipment with the first 3 months of Basic Monitoring.*
- Get an upgraded system and a $50 credit on your account just for signing up.*
- Eligible for current market promotions when you sign up!
*based on a 3 year contract
Log on to your STRATA Select website for more information.
Login: rrc Password: voluntary