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Tuesday, February 25, 2020

MERS Communication Corner

MERS is committed to communicating with our participants and employers on relevant issues and benefit information. The MERS Communication Corner is here to help you organize recent mailings or emails that were sent from MERS, so that you know what was sent and any action that needs to be taken.

Please note: All mailing dates are approximate. Large mailings such as account statements can vary up to two weeks from the mailing date.

Communications Sent

14
January 14, 2020 - 

Product: Health Care Savings Program

Contacts: Participants

Date Sent: 1/14/20

Format: Mailing

Description:

Beginning February 2020, MERS will begin applying an annual low balance fee of $15 to HCSP accounts that meet the both of following criteria:

  • Participants is in terminated status with a balance of $1,000 or less; AND

  • Participant is not flagged as participating a retiree health care stipend arrangement

Alerus mailed a letter to participants affected by this new policy on January 14, 2020.  The letter notified participants that the fee will be applied in February 2020 and encouraged them to use funds before the end of the calendar year to avoid incurring the fee next year. A sample of that letter can be found here.

Posted in: Participant
Actions: E-mail

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Disclaimer
The information contained in this Web site is being made available as a public service. The information is not intended to constitute legal or investment advice, or to replace official versions of that information. Benefit Estimates or Service Credit Purchase estimates requested through this Web site are not official descriptions of any benefits, and do not represent a promise by MERS to provide any benefit(s) to any person(s). No one can detrimentally rely upon the information provided in, or requested through this Web site. MERS reserves the right to correct any errors, and presents this information without warranties, express or implied, regarding the information?s accuracy, timeliness or completeness. If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).