HAR §14-52-22. Maximum annual amount of reimbursements or benefits

(a) The maximum annual amount of reimbursement or benefits a participant may receive for eligible medical expenses shall be $2,750); provided that: (1) If both spouses are eligible employees and become participants of the plan, each may contribute a maximum annual amount of $2,750; and (2) The $2,750 shall not include the participant's monthly administration fee nor any amounts carried over from a prior year as a limited rollover. (b) The maximum annual amount of reimbursement or benefits a participant may receive for employment-related dependent care expenses shall be as follows: (1) If the participant is not married at the close of the plan year, the maximum annual reimbursement shall be the lesser of $5,000 or the participant's compensation for the calendar year; and (2) If the participant is married at the close of the plan year, the maximum annual reimbursement shall be the lesser of: (A) $5,000 (or $2,500 in the case of a married participant filing a federal tax return separately from the participant's spouse); 52-14 13441 §14-52-24 (B) The participant's compensation for calendar year; or (C) The compensation of the participant's spouse for the calendar year; provided that if the participant's spouse is a full-time student or is incapable of caring for himself or herself as provided in the Code, and has no earned income, the spouse shall be deemed to have compensation of $250 per month if the participant has one dependent, or $500 if the participant has two or more dependents. The maximum annual reimbursement amount may be reduced by the participant's monthly administration fee and the amount of any tax-exempt dependent care assistance benefits received by the participant or the participant's spouse from any other employer during the plan year, as determined by the plan administrator. [Eff 9/13/99; am 8/17/15; am and comp DEC 0 2 2021 ] (Auth: HRS §78-30) (Imp: HRS §78-30)