What is an automatic election and how does it work?
Many participants requested the Trust to allow their funds to transfer to the Medical Reimbursement account automatically because they didn’t want to complete an election form every six months. The Trust provides participants with the option of electing their transfers to be automatically transferred every six months as noted on the election form. To allow participants time to change an automatic election, transfers do not become effective until March 1 & September 1 of each year regardless of the date your election form is received in the Trust office.
