Choosing Your Insured Benefits Plans

STEP 1:

a Before choosing your Insured Benefits, you will need to verify your dependant details. From the Home page, navigate to the right hand corner to see your outstanding tasks. Click on ‘Complete Task’ under ‘Verification of Dependants’ Information’.

b To verify or add new dependants, click on ‘dependants’ profile page’.

c Click on ‘Add a dependant’.

d Fill in the dependants’ details and click ‘Continue’.

e Fill in ‘Further Information’ and tick ‘I agree to provide this information’.

f Click ‘Save’.

g Once you have completed, navigate to ‘Verification of Dependants’ Information’ again, tick on the check box and click ‘Add to cart’.

STEP 2:

a To view the cost of the benefits cost, slide the button to ‘S$’ under ‘Values’.

b Click on ‘Benefits’.

STEP 3:

a Review the details for the benefit categories available to you by selecting ‘More info’.

b When you’re ready to make a selection, click ‘edit’ for the benefit you’d like to select.

Note: Click on each of the benefits within each of the categories e.g. Risk Insurance and Medical Insurance to make your selections. Make sure you spend sufficient time understanding all of your options.

STEP 4:

a Within each of the benefits there are plan options that you can choose from.

b The cost associated with the plan you select will be reflected.

c Click on ‘Add to cart’ to confirm your selection.

Reminder: Cisco’s existing Insured Benefits is provided to all employees at no additional cost.

STEP 5:

a After making your selections within each of the benefit categories, you can see an overview of your choices and the cost associated with them. To view additional details about the costs of your selections click ‘Cost Breakdown’.

b Tick the ‘Confirmation of Benefit Selection’ box to acknowledge your benefit selection.

c Once your choices are final, click ‘Checkout’.

STEP 6:

a On the Checkout page you can also see an overview of the benefits selected along with their cost. You can individually edit or delete each benefit by clicking on the icons.

b By clicking ‘delete all selections’ all your previous selections will be deleted.

c To confirm your selections and enroll in the plan, click ‘confirm selection’. The benefits plan policy will be effective January 1 – December 31.

Reminder: Benefit selection can only be made once per year during the annual enrollment period. Once the enrollment period closes, the only time you can add dependants to your existing benefits is if you experience a new life event such as getting married or having a baby.

How to Use Your Flex$Wallet

Flex$Wallet is your Flexible Spending Account, which has an allocated amount of ‘Flex$’. You can use your Flex$ towards choosing a new Insured Benefits plan and/or Flexible Spending Benefits.

Review the list of eligible Flexible Spending Benefits and choose the ones that meet your needs.

Use your Flex$ on Flexible Spending Benefits.

Submit your claim on i-Benefit@ Cisco portal to get reimbursed for your Flexible Spending Benefits.

Flex$Wallet Allocation Amount

Check your Flex$Wallet balance on a regular basis.

You will receive S$1,000 of Flex$ for each policy year from January 1 to December 31.

Flexible Spending Benefits

All eligible Flexible Spending Benefits claims made on or before 31 December of the respective year can be claimed for reimbursement. Claim receipts must be dated between 1 January to 31 December and can be submitted until 31 January of the following year via i-Benefit@Cisco portal.

*Medical/dental care reimbursements Social Security: The CPF Board has confirmed that CPF contributions are not payable on:

Reimbursements of medical treatment required by doctors registered with the Singapore Medical Council (SMC) for employees and their dependants (spouse and children);

Reimbursements of medical treatment required by the Traditional Chinese Medicine (TCM) physicians registered with TCM Board for employees and their dependants (spouse and children).

Reimbursements of dental treatment required by dentists registered with the Singapore Dental Council (SDC) for employees only.

• However, it is important to note that CPF is not required where the treatment is required due to medical reasons, where it is due to preventive measures (e.g. overall wellness) or for cosmetic reasons, CPF is required on such reimbursements.

• Income tax: As a concession, reimbursements of medical and dental care/treatment are not taxable if available to all employees (including spouse and children). This include preventive (wellness) care/treatment but the concession will not cover any treatment for cosmetic reasons

1For claims associated with e.g. spouse and child, the claims can only be made under the depedant’s name.

2CPF contributions is not required on reimbursements of dental treatment required by dentists registered with the Singapore Dental Council (SDC) for employees only. CPF contributions are required on dental expenses incurred for employee’s spouse and children. If the dental expense includes purchase of dental care products which are not medically required but for cosmetic reasons, CPF contributions are required on such reimbursements. The IRAS concession above also covers reimbursements of dental care and are not taxable if available to all employees (inclusive of their spouse and children). The concession also covers reimbursements of dental care products which is not taxable if it is not for cosmetic reasons.

3CPF is required if optical benefits are not for medically required treatment, e.g. Lasik, spectacles, sunglasses, contact lens and solutions etc. Tax is payable on optical benefits not for medically required treatment.

4CPF contributions are not required for employees and their dependants (spouse and children), if the health screening is part of the medical treatment required by registered doctors. However, CPF contributions are required for health screening for non-medical reasons. As a tax concession, health screening is not taxable, if available to all employees (inclusive of spouse and children), regardless whether for medical/wellness reasons.

5CPF is not required for holiday reimbursements e.g. accommodation in hotel, chalets, holiday bungalows, tour packages and air tickers for overseas holidays etc. for employees only.

6Social security: The CPF Board views that benefits in the form of reimbursements, for example under a flexi-benefit scheme, such payments are viewed as part of the wages In order for a reimbursement to be considered a “genuine reimbursement” and exempt from CPF contributions , certain conditions must be met, including: - The payment is to reimburse expenses that were necessarily incurred on behalf of the employer for official purposes; and - The amount must not exceed the expenditure incurred.

7If such alternative medicine therapy is not for medical reasons but for overall wellness (preventive) reasons, CPF will be required on the reimbursements. For tax, it is exempt under concession for medical/preventive reasons.

8CPF contributions are required on reimbursements on purchases of non-6prescribed medication and health supplements as it is not due to medical reasons. The scope of the IRAS concession outlined in note 10 will cover purchase of medical products which will include non-prescribed medication. Reimbursements for purchase of health supplements are taxable as they are not covered under the administrative concession.