Capital Benefits I
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  FSA HRA HSA
How are accounts funded?

Member or Group Group Member and/or Group
Are contributions tax free? YES YES YES
Can account balances roll over to the next benefit year? No, unused funds are forfeited at the end of the year. YES YES
Is the account portable? No, if the member leaves, unused funds are forfeited. No, if the member leaves, unused funds go to the group. Yes, the member owns the account and it will move with them if they change groups.
How are distributors handled from a tax perspective? Qualified medical expenses are tax free. Qualified medical expenses are tax free. Qualified medical expenses are tax free. Non-qualified medical expenses are subjected to tax and penalty.
Are claims substantiated as qualified medical expenses? Yes, only qualified medical expenses are reimbursable. Yes, only qualified medical expenses are reimbursable. No, but account holder must substantiate any claimed reimbursement if requested by the IRS
Is there an investment feature? NO NO YES
Are there any health plan requirements? Can be offered with any plan. Can be offered with any plan. Must be offered with a qualified high deductible health plan.
 
  363 Route 46 West
Suite 140
Fairfield, NJ 07004
Phone: 973-808-2626
Fax: 973-808-2627
Email: info@capitalbenefits.com
 
  Life Insurance and Annuities offered by
Metropolitan Life Insurance Company
New York, NY 10166

Mutual Funds offered by
MetLife Securities, Inc.
New York, NY 10166