Medical Expenses Reimbursement Application: Fill & Download for Free

HiMost of the Oil PSUs like ONGC, IOCL, HPCL, BPCL recruits Engineers/MBA/CA at Officer Grade {E1/A grade}.The Basic Salary in this grade is 60000 per month. Over Basic, officer gets various components like DA 17.2% {revised quarterly}, HRA 24% max {depending on the class of city}, Perks 35% of baisc, contribution by company towards retirement benefits {PF, Gratuity, NPS} 30% of baisc and Performance Related Pay max 40% of basic. Considering the officer gets posted in a X class city {Metro}, the annual CTC will be around Rs. 17.70 Lakhs.However, monthly in hand salary will be around 70000 after Taxes and statutory deductions since few components are given annually/once in two years.Officers posted in remote locations may get hardship allowance as applicable. Marketing Officers enagegd in field jobs have to undertake continuous travels and they also get additional allowances over and above salary {may extend up to 25000 per month}.Apart from above, different companies have various policies regarding Furniture Advance of 1–2 Lakhs, Laptop and Mobile cost once in 2/3 years, Medical Expenses reimbursement etc. After completing stipulated period of service say 3–5 years, employee becomes eligible for various loans like Car Loan, Housing Loan etc which are given at cheaper rate of interest.Overall it's an extremely good pay package to start with. However, increments and promotion is comparatively very low as compared to MNCs. All employees get fixed Annual Increment of 3%. Promotion is given after minimum 3–4 years. After promotion, the Basic salary increases by 4–5 thousands per month.Thus, job in a PSU starts at high note with slow and steady growth.Hope it helped!

It is approximately in between Rs. 60,000/-(New recruitee) to Rs.1,15,000/- (Senior Most) including all the benefits like HRA & other.PGT Post is equal to Central Govt Group B officer Level.In addition to regular salary they are entitled to Avail LTC, All India LTC (Point to Point) once in 4 years with their family.Children Education Allowance for max 2 children Rs. 54,000/- per year. Seats are reserved for their children over and above the strength of the class.Free Medical facilities (CGHS) by paying a minimum amount of RS. 650/- to Rs.1500/- per month.While serving in Hard Stations or North East SDA (Special Duty Allowance) is given.They may get Govt Allotted Staff Quarters with good facilities.70 days paid vacation.Thanks for scrolling down.Edit 1:CGHS facility is available to All KVS employees including their dependent family members residing in CGHS covered areas. Once a KV Employee posted in a CGHS covered area, can avail the benefits. Regarding Medical reimbursement, in case of emergency and non availability of facilities in Govt hospitals and etc they can avail the treatment even in Private hospitals also, but the reimbursement of expenses is subject to ceiling rates fixed.If an employee who resides in other than CGHS covered area they can approach to AMA (Authorized Medical Attendants) appointed by KVS and can get a reference to private hospitals in case of serious illness. In case of emergency( accidents) KVS Employees or dependents may be admitted for emergent treatment in the nearest private hospital in the absence of Govt or recognized hospital nearer than the private hospital and medical expenses incurred are reimbursable as per the prevailing non NABH CGHS rates as applicable to a CGHS covered city.

UPDATE 7/29/19 - The IRS issued a Private Letter Ruling (“PLR”) on May 16, 2019, to a taxpayer who requested a legal answer to this question (and likely paid tens of thousands of dollars - see description of PLR applications here, and therefore I suspect 23andMe helped with the filing) which determined that a portion of the 23andMe genetic test, when used as part of a health testing product (see website), can be considered a qualified medical expense (“QME”). As a QME the expense would be reimbursable under an HSA program. 23andMe has developed an online expense receipt generator and cost allocation calculator to help customers determine how much, pro-rata, is allowable.Some feel this may open the door to other consumer oriented health products not currently considered a QME, but you shouldn’t rush out to buy your Apple Watch having already booked your tax savings…ORIGINAL RESPONSE:Let me start by saying I’m a big fan of both HSA’s and the potential of genetic testing to improve our health. Companies like 23andMe, Ancestry.com and others will play a bigger role in wellness as time progresses.However, for now the answer seems to be no. That said, a little more detail may be helpful because the answer could change.As Wiley indicates in his response, HSA funds are designed to be spent on health expenses. The details are contained in two IRS publications, IRS Pub 969 Health Savings Account and Other Tax-Favored Health Plans and IRS Pub 502 Medical and Dental Expenses. Pub 969 describes how HSA’s work and references Pub 502 for a description of what the IRS considers “qualified” medical expenses.Specifically, Pub 502 says medical expenses are:“the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, and diagnostic services needed for these purposes.”Further:“Medical care expenses must be primarily to alleviate or prevent a physical or mental defect or illness. They don't include expenses that are merely beneficial to general health, such as vitamins or a vacation.” [italics mine]Hmmm. With that as the published IRS guidance, where does 23andMe fall?On a hunch 23andMe has thought through this question more definitively, I decided to ask 23andMe directly. To their credit the customer support platform responded in 12 hours with the following:“23andMe Services are for research, informational, and educational use only. We do not provide medical advice and the service has not been approved by the FDA for diagnostic testing. If you have concerns or questions about what you learn through 23andMe, you should contact your physician or other healthcare provider.”Having previously been the CFO of a venture-backed software startup, I’m 99.9% certain the general counsel drafted this language. It’s certainly how I would have responded were I managing enterprise risk exposure on behalf of my investors.Does that mean you cannot claim the $199 charge by 23andMe as a legitimate health expense?I agree with Wiley. While this is a gray area a stronger taxpayer argument - should you ever by challenged by the IRS - includes taking the recommendation of your doctor that it would be useful to prevent or avoid some future, unknown health condition. Perhaps over time 23andMe will collaborate with healthcare providers to make this easier for customer-patients. It certainly feels like an obvious direction to go.Good luck and happy health.