13.07.2015 Views

Flex Plan Summary - Personnel - Sacramento County

Flex Plan Summary - Personnel - Sacramento County

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CASH BENEFIT FEATUREThe cash benefit feature has two components: Cash Back from subsidy <strong>Plan</strong> Selection Incentive (PSI)This feature is only available to those employees who are in Tier A which is explained below.Tier A - Employees who were in a benefit eligible position before January 1, 2007Tier B - Employees who were hired into a benefit eligible position on or after January 1, 2007 or whowere in Tier A and made a one-time election to move to Tier BSPECIAL RULESYou have a one-time opportunity to move from Tier A to Tier B. The results may be thatyou are able to reduce your portion of the medical plan premium.A change from Tier A to Tier B is not mandatory or required. It is a voluntary decisionthat is irrevocable once made. The change can only be made during Open Enrollment orduring a “change in status” event.Employees in Tier A who are eligible for Cash Back or the <strong>Plan</strong> Selection Incentive (PSI)and move to Tier B forfeit all future rights to Cash Back or PSI.CASH BACK FROM SUBSIDYThe <strong>County</strong> provides an insurance subsidy contribution for eligible employees to help pay for the cost ofmedical insurance. The insurance subsidy amount varies, depending on when you began working forthe <strong>County</strong> and according to your representation unit (Recognized Employee Organization (REO).Insurance subsidies are categorized as Tier A or Tier B.Tier A – If you were hired into a benefit eligible position before January 1, 2007, and have not voluntarilyelected to move to Tier B, you are in Tier A for your benefit subsidy. Your bargaining agreementdescribes the eligibility for these programs and is available on the website at:http://www.laborrelations.saccounty.net/LaborAgreements/default.htmIf the plan you selected costs less than the subsidy, you may be eligible to receive that amount in yourpaycheck. Each REO has a “designated date” that determines eligibility for Cash Back. To determine theapplicable designated date for your REO, see the chart on the following page.18

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