Msrs.state.mn.us

Health Care Savings Plan > Plan Overview Minnesota …

About the Plan. The Health Care Savings Plan (HCSP), administered by Minnesota State Retirement System (MSRS), is an employer-sponsored program authorized by Minnesota State Statute, 352.98.Employees invest in a tax-free medical savings account while employed by a Minnesota public employer (including a city, state, county, school district, or governmental subdivisions).

Actived: 9 days ago

URL: https://www.msrs.state.mn.us/about-hcsp

HCSP FAQs Minnesota State Retirement System (MSRS)

WebFees: there are no fees associated with an HCSP transfer. Trading restrictions: Stable Value Fund - Cannot transfer balances directly from Stable Value into the Money Market …

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Health Care Savings Plan At-A-Glance

WebCan I opt out of the HCSP? You may opt out if you: • Are eligible for TRICARE retiree insurance benefits • Have a service-connected disability • Are a foreign national who …

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Waiver of Participation

WebApproval notice. For all public employers except the State of Minnesota, a copy of the employee's approval to opt out confirmation letter will be sent to you so appropriate …

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Documentation of Medical Expenses Minnesota State …

WebDocumentation of Medical Expenses. When requesting reimbursement from your HCSP account, you must provide documentation of the medical expense. Requests submitted …

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HCSP Sample Contract Language

WebExample 3 - Employer Contributions. The <name of employer> has agreed to contribute to the Post Employment Health Care Savings Plan as described below: The <name of …

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Is my HCSP Compatible with a Health Savings Account (HSA)

WebAre the HCSP and HSA the same plan? Although both are tax-advantaged medical savings accounts, they are different plans. • The HCSP, administered by Minnesota State …

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MINNESOTA STATE RETIREMENT SYSTEM HEALTH …

WebThe Health Care Savings Plan (HCSP) is an employer-sponsored program administered by the Minnesota State Retirement System (MSRS) that allows employees to save money …

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2024 Mid-Career Presentation

WebAmount needed to cover health care costs in retirement. Blank this is an empty fieldFor a 50% chance of covering For a 90% chance of covering. $106,000. $184,000. $128,000. …

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State Employee Retirement Plans Minnesota State Retirement …

WebThe Health Care Savings Plan (HCSP) is a tax-free medical savings account. You can access your HCSP account balance for reimbursement of eligible health care expenses …

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Pre-Retirement Webinar Details Minnesota State Retirement …

WebThere are two ways to join the Pre-Retirement webinar. View the webinar via Zoom or listen to webinar by phone (audio conference). Pre-registration to the webinar is required. …

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Reimbursable Health Care Expenses

WebReimbursable Health Care Expenses • Acupuncture • Alcoholism or drug dependency treatment and treatment centers • Ambulance • Artificial limbs and teeth

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About MSRS Minnesota State Retirement System (MSRS)

WebMinnesota State Retirement System (MSRS) was established by the Legislature in 1929. We administer retirement plans that provide retirement, survivor, and disability benefit …

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Letter of Medical Necessity

WebLetter of Medical Necessity. The HCSP participant is responsible for having a qualified medical practitioner complete this form. The participant must return the form to MSRS …

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General Plan Retirement Overview

WebGeneral Employees Retirement Plan. The General Plan is administered by the Minnesota State Retirement System (MSRS). This plan provides retirement, survivor …

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HCSP Plan Document 8.1.2020

WebThe Executive Director Minnesota State Retirement System. 60 Empire Drive, Suite 300 St. Paul, MN 55103 651-296-2761. Health Care Savings Plan (HCSP) Great-West Trust …

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Is my Health care savings plan compatible with a health …

WebContact Us. Phone: 1.800.657.5757 or 651.296.2761 Web: www.msrs.state.mn.us Email: [email protected]. Address: 60 Empire Drive, Suite 300 St. Paul, MN 55103. MSRS …

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Your Guide to Retirement

WebState Employees- Minnesota Management & Budget (MMB): 651-355-0100: University of MN Employees - Employee Benefts Offce: 612-624-9090 or 1-800-756-2363

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