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The IRS will now accept your check or money order due no later than February 10, 2017 for your insurance premium payment for the month of February. Please remember, premium payments received before the 22nd of the month prior to the premium payment will be returned to the sender.
If your 27.5% premium payment is not received by the IRS between the 24th of the current month and the 10th of the month your premium is due, you will have to pay 100% of that months premium directly to Blue Cross Blue Shield of Michigan and you will have to request an IRS refund of the 72.5% on your federal tax return the following year. We strongly encourage you to send your payment along with the completed voucher during the specified window in order to avoid paying 100% of the month’s premium.
As we have noted in our prior communications to you, there is a NEW Advance Monthly Payment (AMP) process that has been put in place by the IRS/HCTC effective January 01, 2017. The process will require you to send in a voucher, your IRS assigned Participant Identification Number (PIN) and your payment each month to the IRS. The IRS will verify eligibility each month and then will collect the 27.5% premium payment from the plan participant (you), matching it with the 72.5% premium subsidy from the IRS/HCTC program, and make payment to BCBS of Michigan for the insurance program selected by you. This means that BCBSM, the pre-65 plan administrator, will no longer be managing the payment and billing process for you.
By now, most of you have received your “Welcome” letter from the IRS HCTC/AMP Program. That letter will include your Participant Identification Number (PIN) on the top of the letter. You must mail one of the HCTC AMP Payment vouchers including your PIN, each month to the IRS/HCTC address located on the voucher, along with your Check, Money Order or Certified Check (the only forms of payment acceptable by the IRS/HCTC) to make your payments for each month you remain eligible to participate the HCTC AMP monthly program in 2017.
FREQUENTLY ASKED QUESTIONS -HCTC Updated 10/11/18
The Board of the DSRA-BT has already received many questions regarding the HCTC. If you don't see an answer to your question, please send an e-mail to Lori Ostrander, Secretary. Her e-mail can be accessed through the DSRA-BT website under "Contact Us".
There are many people who still think the DSRA and the DSRA-BT are the same organization. This is not TRUE!
We just want to remind everyone that if you have any questions pertaining to healthcare or the HCTC (Health Care Tax Credit), please contact your DSRA-BT board not the DSRA. Our website is http://www.dsrabenefittrust.net
DSRA Benefit Trust Board of Directors
Did you know that DSRA-BT offers medical plans that are specifically designed to meet the IRS requirements that allow you to establish and make contributions to a Health Savings Account (HSA)? The pre-65 BRONZE and COPPER medical plans are the only plans that meet the requirements for plan participants to be eligible to establish an HSA.
* Please note that the BRONZE and COPPER medical plans do not include dental or vision coverage; these benefits would be separate elections from your medical plan election.
If you elect to participate in the BRONZE or COPPER medical plans, you are eligible to establish an HSA through the financial institution of your choice!
Additional details about Health Savings Accounts are available in the 2016 Guide to Benefits for Pre-65 Members, which can be found on our website – www.dsrabenefittrust.net – along with all of the materials related to our annual open enrollment. We encourage you to review the benefit information carefully and ask that you make prompt decisions regarding your 2016 benefit elections.
The government sets the annual dollar maximum that can be made to an HSA depending on the level of coverage you have under your health insurance. Coverage of two or more people is considered family coverage. People who are age 55 or older can make additional catch-up contributions.
DSRA-Benefit Trust Board of Directors
As we shared with you in our previous announcements, the Board of the DSRA-BT made the decision to move all Pre-65 medical and Pre and Post-65 dental and vision Third Party Administrator (TPA) responsibilities from Mercer (formerly Marsh) to BCBS of Michigan. This is the fourth communication to inform you about this transition.
Two of your board members are actively involved in the weekly meetings between Mercer and BCBSM. The transition continues to be on track.
Your first invoice from BCBSM will be mailed the week of August 11th for September coverage. There are different payment plans available through BCBSM to meet your needs. The below payment options do not require a processing fee:
Please wait until you’ve received your first invoice to set up automated payments. If you are currently on EFT with Mercer, there is no action required on your account with them. It will automatically lapse.
Those people who are turning 65 in the next couple months should have already received a package from Mercer. Please work with them if you want to sign up for a Medicare supplement plan. If you’ve used the forms that were mailed to you, Mercer will work with BCBSM to coordinate dental and vision coverage or you can contact BCBSM directly. If you have family members who will continue with BCBSM, no action is required. Your spouse and / or dependents will automatically be converted to a new contract with your existing plan.
Once again, we’d like to remind participants of two ways they can help. First, if you are not on EFT, please look carefully at your bill. We need everyone who has a debit shortage or credit balance in his or her account with Mercer to clear these up before the transition, if at all possible. Credit balances will not transfer to BCBSM and you will probably have to wait until October to get a refund from Mercer. Secondly, please make every possible effort to get this months payment To Mercer for August in on time (by the 30th of July). This will help to make sure that all records are up to date as BCBSM takes over.
Please continue to direct any questions about eligibility, premium payment or issues to Mercer until August 1st at which time BCBSM will take over customer service responsibility.
You should be receiving a letter from BCBSM via regular mail later this month. They will include samples of invoices and the member enrollment form, which you will need to use to make any changes to your account. You will also receive your new ID card in a separate mailing slated for the week of July 28th.
Thank you for your continuing support.DSRA-BT, Board of Directors