Welcome to your open enrollment

This is your information guide for completing your Cafeteria Plan
selection for the new Plan Year.

About Your Cafeteria Plan Service Provider

Southern Administrators and Benefit Consultants, Inc., (SABC) is located in Ridgeland, Mississippi. Many of you will be familiar with them and the services they offer to various groups throughout the state of Mississippi.

Your Benefit Enrollment is Open

Cafeteria Plan Year: January 1, 2021 thru December 31, 2021

Your enrollment for the Cafeteria Plan and Benefits Options will open: November 18, 2020
With a deadline to complete by: December 7, 2020

Should you have any questions regarding your enrollment, feel free to contact us at (601)856-9933 or email us as admin@sabcflex.com.

What is a Cafeteria Plan?

IRS code Section 125, allows employers to adopt a plan in which employees, through salary reduction, can pay for eligible benefits and medical or dependent care expenses on a pre-taxed basis.

Employees who purchase group insurance and other benefits through the company greatly reduces the cost, offering your employees a great benefit for their dollar. In addition, putting those benefits along with other allowed benefit (i.e. Dependent Care and Unreimbursed Medical expenses) under a qualified plan can offer a substantial tax savings for the employee and employer.

Your Plan includes:
Flexible Spending Accounts (FSA)

      Dependent Care Plans

    Unreimbursed Medical Plans

    Deductible Medical Expenses 2020

    OTC Drug List 2020

FSA Reimbursement Options

      Direct Deposit Form

How Your Plan Works

What is a  Cafeteria Plan?  A Cafeteria Plan is a valuable benefit that not only just allows you to pre-tax, (exclude from W-2 wages), eligible benefits such as; health, dental or vision insurance premium plans, it also allows you to elect voluntary benefits such as as Flexible Spending Accounts “FSA” dependent care expenses, and out-of-pocket Unreimbursed Medical expenses.

Benefit elections you make during this Open Enrollment, will become effective January 1, 2021.

Changes this year?  There are no changes this year.

REMINDER:   Guess whats back?

Recently in May 2020, Congress passed the CARES ACT (COVID-3 Stimulus Bill), which included language to permanently reinstate coverage for over-the-counter drugs for FSAs and HSAs, without the need for a prescription.  That’s right?   OTC with medicine previously taking away by the Obama Care is back.  And with an added bonus.  They also included menstrual care products to the list of eligible items.  Check our our OTC list, on the left side of this postcard.

To be reimbursed, provide the cash register receipt that lists the products purchased.  It  should list the product name, and may have a FSA code beside it.   The CARES ACT allows expense for 2020, back to January 1, 2020.  So be sure to count your OTC drug/item cost in for your Unreimbursed Medical FSA for 2021 Open Enrollment choices.

Note: OTC items in smaller drug stores/pharmacies will not have the item listed on the receipt.  As sometimes it just says OTC.  Therefore, you would have to attach to box top with price showing, and name of product, to identify the item for reimbursement.

How do I complete my Open Enrollment?

You will login to our SABCFlex Online Enrollment program to complete your enrollment for the Cafeteria Plan.  Make sure you have your Social Security Number and date of birth to login in.   You will use the full 9 digit SSN to access the site and your 6 digit date of birth as your password.  Once in please walk through the steps and verify your payroll deducted benefits, complete and sign your form with your SSN number in the end.  You may email yourself a copy or print your election when you are done.  Forget something, need to log back in,  do so and we keep the last choice you made.

Just Login to complete your Cafeteria Plan enrollment selections. 

As you make  your Cafeteria Plan selections, when you elect a qualifying benefit/insurance, this will auto selects the Cafeteria Plan and your eligible insurance premiums will then be deducted on a before tax basis. This will lower your W-2 reported wages by the amount of the premium(s) and give you an increase in spendable income.

Once the Plan Year begins you will not be allowed to make any changes to your election unless a Status Change occurs, as election under a Cafeteria Plan are irrevocable for the Plan Year, unless you qualify for a Status Change.

FLEXIBLE SPENDING ACCOUNTS “FSA”            FSA is a choice option

Dependent Care Expenses
If you have qualified dependents that require care while you and/or your spouse work, participation in this account will save you valuable tax dollars. Expenses include day care, after school care, nursery school, pre-school and summer day camp.

For more information, click here.

  • The deduction of Dependent Care offers each employee a tremendous tax savings. If you currently have these expenses, it may be to your benefit to take advantage of the plan. All requests for reimbursement are processed the same day they are received by SABC, (based on funds availability). Simply determine the election amount for the above Plan Year, for your Flexible Spending selection.
  • Elections cannot exceed the annual maximum for Dependent Care of $5,000 (filing a single or joint return) and $2,500 (married filing a separate return).
  • Just select the Dependent Care FSA option in the SABCFlex Open Enrollment and identify the Care cost you will incur for the Plan Year. Care may include registration fees.

UNREIMBURSED MEDICAL EXPENSES (URM)

If you, your spouse or qualifying dependent(s) have medical expenses, which you have to pay out of pocket such as; medical deductibles, co-insurance, co-pays, prescription drugs, dental expenses or eye care expenses, you will save valuable tax dollars by participating in this spending account. Our plan has the following features:

  • FSA Unreimbursed Medical maximum, $2,750 Plan Year. (increased for 2020-2021 Plan Year). (enter a lesser amount if applicable.
  • If I participate in the FSA Unreimbursed Medical and I terminate, how is my Plan treated.  Unreimbursed Medical participants will make an election to participate in the Unreimbursed Medical Spending Accounts for the plan year. Your total election is available to you at any time during the plan year when you incur an expense(s). You must participate in the Unreimbursed Medical portion of the plan for the whole plan year. Your total election is available to you anytime during the plan year when you incur an expense(s). Should you terminate during the plan year, in lieu of COBRA; your remaining election will come from your last paycheck. Expense claims may be for you and/or an eligible family member, (based on the IRSs, definition of a dependent for Dependent Care and Dependent Adult “to” age 27 for Unreimbursed Medical).
  • Your Plan allows for a $550.00 funds for Unreimbursed Medical Spending accounts only, to rollover from the remaining balances of your plan year closing,  to be allowed to Roll to the new Plan Year.  The rollover amount will not affect an employee’s maximum limit election.  Funds greater than the allowed Rollover limit, not used during the plan benefit period and claimed before the run-out period is complete, shall be forfeited, due to the use-it-or- lose-it Plan rule.
  • Your plan offers a 60 day run-out period to submit claims to spending down remaining funds in your FSA Plan.
  • Follow the close of the run-out period, your plan shall close, and remaining balances not claimed or rolled, shall be forfeited.

How do I make a change “After” my Open Enrollment is over?

Cafeteria Plan elections are irrevocable for the Plan Year.  Once you have made your selection, you must have a qualifying Status Change in order to change your benefit, once the Plan has started.

Your Group Health Plan offers a HEALTH REIMBURSEMENT ARRANGEMENT (HRA) Plan, that SABC administers.  Here is how it works.

The HRA is a self-funded health plan, which supplements MCU’s current Blue Cross/Blue Shield health plan. (The HRA is linked to your selection of MCU’s Group Health Plan). The HRA’s benefit year is the same as MCU’s health plan year. The HRA pays $2,250, toward your deductible for inpatient and/or outpatient stays, after your first $250 of the $2,500 deductible is met, (Max: $4,500 per family, per calendar year, or 2 members), or the HRA will pay $2,250 over all, after you have incurred up to $4,000 of out-of-pocket expenses. (Max: $4,500 per family, per calendar year, or 2 members). The Employee is responsible for the first $250 deductible, and $1,500 of out-of-pocket medical expenses.  Your HRA pays to you, not to the provider.  Therefore, be sure you are remitting your Explanation of Benefits to SABC when you have incurred expenses toward your deductible.  After you have met the $250 deductible, you are eligible to be reimbursed for your remaining cost as outlined above.

Please feel free to call SABC with any questions.   Call 601-856-9933.

How to Complete Your Enrollment?

To Complete your Open Enrollment, please enter the system by using the login and password information listed below. Once you have entered please follow the prompts.

Please login using your (SSN or Employee ID), (just numbers no dashes). Enter your date of birth as a 6 digit number, with MMDDYY, as your password. Do not use the year on the password.







Note: If you are currently an FSA Participant, and have already registered with the SABCFlex Portal site, you may find it easier to login using the below option, and you may use your created User Login and Password.

Portal Login

Click here for more information about Online Enrollment

Requesting FSA Reimbursements

There are several ways to request reimbursements from your flexible spending accounts. You may submit your claims via sabcflex.com

  • Fax to: (601) 856-8088
  • Customer service portal (Online registrations access)
  • SABCFlex Mobile app (Quick and convenient claiming)
  • Mail to: P.O. Box 2449; Madison, MS 39130-2449
  • Office pick up (Walk-ins accepted to 4:00 PM CST)
  • For Medical FSA, use the SABCFlex Card

For more information, Click here.

Mobile App

To learn more about SABC's
mobile app click this link.

Additional HRA information:
MCU SUPPLEMENTAL HRA PLAN 2020

Product Provider Information

For Dental and/or Vision Insurance:
https://www.guardianlife.com/

For Health Plan:
https://www.myuhc.com/member/prewelcome.do?currentLanguageFromPreCheck=en

For Supplemental Coverage options:
https://www.aflac.com/

For SABC:

601-856-9933   www.sabcflex.com   email: secureclaims@sabcflex.com

Quick Links

Disclaimer

This material is for informational purposes only. The information describes the Flexible Spending Account (“FSA”) in general terms. FSA plans are governed by the rules of Section 1 25 of the Internal Revenue Code and will be administered in accordance with those rules. Estimate fund amounts carefully. Unused funds will be forfeited as described in your plan document. In case of a conflict between your plan documents and the information in this material, the plan documents will govern. Please refer to your employer’s Summary Plan Description (“SPD”) for more information about your covered benefits. Information is believed to be accurate as of the production date; however, it is subject to change. For more information about, go to SABCFLEX.COM

YOUR UNREIMBURSED MEDICAL SPENDING ACCOUNTS NOW OFFERS A SABCFlex Card

Our Flexibles Spending Account for Medical offered through SABC, offers a Debit Card for your convenience to use for your out-of-pocket Unreimbursed Medical Expenses. This card is called the SABCFlex Card. This card can be used for pharmacy prescriptions, medical doctor visits, (non-cosmetic), co-pays, co-insurance, deductibles, dental expenses (non-cosmetic), vision expenses and medical items. (No over-the-counter-drugs). Please note, this is not a paper free process, just easier to get your medical expenses paid at the point-of-sale. You will be notified by email, when it is necessary for you to provide documentation to validate your incurred expense to SABC.


HOW TO VALIDATE YOUR MEDICAL EXPENSE?

After the swipe of your SABCFlex Card, you may later receive an email requesting you substantiate a card swiped medical expense. You will then need to provide SABC with a paper statement of services received, and/or (in many cases), an Explanation of Benefits from the insurance company based on the expense. Should you fail to do this, you will get another notification reminder to do so. (Giving you 50 days to validate a card swipe). Should you fail to do this, the card could be suspended until such time as the paper substantiation for the swipe has been submitted. To select the card option, you need only to choose it on ben360.