HCSP Reimbursement - Requesting

How to Request a Reimbursement Follow these steps to request reimbursement of eligible medical expenses. This procedure assumes you are eligible to request a reimbursement because you...

HCSP Investment Options

Investing You can invest contributions in any combination of the  investment options offered by the plan. This allows you the opportunity to choose an investment mix that's right for...

HCSP Waiver of Participation

Waiver of Participation Employees must participate in the HCSP as adopted by their bargaining unit or employer. However, you may opt out of the plan if you qualify under one...

HCSP Beneficiary & Survivor Options

Beneficiary & Survivor Benefits It is important to understand how HCSP assets are distributed upon your death to avoid an improper beneficiary designation or unforeseen surprises. If...

Time to Change Investment Options

Time to Change Investment Options Effective July 1, 2019, Minnesota State Retirement System (MSRS) will change the investment lineup available in certain plans. The funds will be similar to...

HCSP - Returning to Work

Returning to Work after Termination / Retirement It is important that you understand how re-employment affects your ability to access your HCSP account. If you return to work after...

HCSP Direct Deposit

Direct Deposit Direct deposit is the safest, fastest, and most convenient way to receive your payment. Payments are made directly to your financial institution. To set up your direct...

HCSP Payment Types

Payments Payment Types Payment Timing Deadline to Request Reimbursements Payment Changes (Ongoing Payments) Public Safety Officers Premium Withholding Program Reimbursement...

HCSP Reimbursements - Documentation

Documentation of Expenses The IRS has strict requirements for expenses reimbursed by a tax-preferred medical savings plan, including the HCSP. Your request must be substantiated with an...

HCSP Reimbursable Expenses

Eligible Expenses IRS Publication 502 defines medical expenses as: The costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for...

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Your MSRS Health Care Savings Plan