If you fail to make an election, your contributions will be allocated to the Premium Reserve Account. Under current IRS rules, when benefits are paid from any benefit option under this account, you will not be taxed for using these benefits. You must submit a request for payment on the form or forms provided by the Plan Administrator (found here), through its Administrative Agent. Under the Dependent Care Reimbursement Account, you must also submit requests for payment no later than fifteen days after the end of the plan year in which the expense is incurred.

You must also submit any documentation required by the Plan Administrator to establish that the request for payment relates to an eligible expense. Payment will be made as soon as reasonably possible following approval of the Plan Administrator.