Oracle US Benefits

 

Oracle US Benefits Intranet

 

Information Resources

"MUST READ" for 2017


 

HSA Medical Plan Resource
Center

Visit Oracle's one stop resource center dedicated to the employees enrolled in - or considering enrollment in Oracle's High Deductible Health Plan and Health Savings Account (HSA).

 

Health Care Reform

January 2017

2017 Oracle Holidays

  • New Year’s Day (observed) - Monday, January 2, 2017
  • Martin Luther King, Jr. Day - Monday, January 16, 2017

Click here for the complete 2017 Holiday schedule.

Submit your 2016 Health / Dependent Care Flexible Spending Account Claims

March 31, 2017 is the deadline to submit your Health Care FSA and Dependent Care FSA expenses incurred last year. You may submit your claim(s) online at www.myuhc.com or submit the printed claim form.

Eligible expenses for your 2016 Healthcare FSA, and/or Dependent Care FSA must have been incurred by December 31, 2016, in order to count toward your 2016 contribution election. Up to $500 of unused funds in your 2016 Healthcare FSA will carry over into next year, for use against 2017 eligible expenses. Unused funds over $500 are forfeited. This carryover provision does NOT apply to the Dependent Care FSA. Claims received after the deadline will be denied. More Information

Oracle Wellness: Renew & Refresh Your Commitment to Wellness

It is important to take note of your habits and practices, as they should evolve with your lifestyle over time. Instead of setting a New Year’s Resolution – which tends to be quite temporary in nature, consider a “Spring Cleaning” approach to your personal wellness. Take a good, hard look at what you are doing to maintain and/or improve your wellness. What are you doing well? What could you improve?

Sometimes, a visual reminder is a helpful tool to keep plugging away at positive lifestyle behaviors. If you feel this would help you, write down your own personal commitment statement regarding your well-being, and hang it in a prominent location. Read it daily, and refer back to it whenever you feel like you are struggling to maintain healthy lifestyle choices.

If you have enjoyed success in a specific area of Wellness, congratulate yourself! Sometimes, learning to recognize even the smallest successes may help motivate you to tackle another area of your Wellness. For more information, visit the Oracle Wellness website.


401(k) Plan - Did You Exceed the Contribution Limit?

In 2016, the maximum amount that you may defer to any and all 401(k) plans was limited to $18,000. If you were age 50+ as of December 31, 2016 the maximum allowable amount was $24,000.

The amount you contributed to the plan is reported on your W2 in Box 12 (code D - for traditional pre-tax and code AA for Roth 401(k)). Employer contributions such as the Oracle match are not subject to this limit, and are not conveyed on your W-2s.

If, having reviewed your W-2s from ALL employers in 2016, you feel you have exceeded your personal limit, please contact Don Reich (Oracle’s 401(k) and Deferred Compensation Plan Manager) at don.reich@oracle.com or 719-757-4132. The deadline for any refund of excess deferrals is April 18, 2017. Keep in mind that any refund will take approximately one week to process so please make your request as early as possible. Visit the Oracle US Benefits Website for more information about the 401(k) Plan.

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Rev. Date: 12/16/2016
Publish Date: January 2017