HAR §14-52-20. Participation; compensation reduction agreement

** (a) To participate in the plan, an eligible employee shall submit a completed compensation reduction agreement to the third-party administrator before the close of the enrollment period for each plan year or within ninety days of becoming eligible. The compensation reduction agreement shall be provided by the third-party administrator. (b) In the compensation reduction agreement, the eligible employee shall provide the following: (1) The eligible employee's name, address, and social security number; (2) Each type of benefit or spending account selected; (3) The amount of pre-tax compensation the eligible employee wishes to contribute during the period covered by the compensation reduction agreement; provided that: (A) The maximum amount of contributions shall be subject to the reimbursement limitations specified in section 14-52-22; and (B) Except as otherwise provided in this chapter or law, the pre-tax compensation contribution shall be made by payroll reduction; (4) Whether the eligible employee wants the reimbursement amount deposited in a checking or savings account, or sent by check to the eligible employee's address and, in the case of a medical expense reimbursement spending account, whether the employee instead prefers the option of having a debit card; and 52-12 3441