Human Resources

University of Mississippi

Flexible Spending Accounts

A Flexible Spending Account allows you to set aside pre-tax money for reimbursement eligible out of pocket daycare and medical expenses. This benefit allows you to save on your take home pay as you are not paying taxes.

Provider:

Southern Administrators and Benefit Consultants (SABC)

Contact Information:

https://www.sabcflex.com

Eligibility:

Benefits-eligible employees, their spouses and dependent children

Coverage:

See a list of generally permitted medical expenses

See a list of generally eligible dependent care services

Cost:

Employee sets aside pre-tax income.  There is no charge for the service.

Types of Plans

Medical Expense Reimbursement Plan – You can use funds in your FSA to pay for certain medical and dental expenses for you, your spouse if you’re married, and your dependents.  The annual limit per participant is $2,700.

  • You can spend FSA funds to pay deductibles and copayments, but not for insurance premiums.
  • You can spend FSA funds on prescription medications, as well as over-the-counter medicines with a doctor’s prescription. Reimbursements for insulin are allowed without a prescription.
  • FSAs may also be used to cover costs of medical equipment like crutches, supplies like bandages, and diagnostic devices like blood sugar test kits.
  • See a list of generally permitted medical expenses.

Dependent Care Reimbursement Plan –  Dependent Care FSA (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services.   It’s a smart, simple way to save money while taking care of your loved ones so that you can continue to work. To participate, both the employee and their spouse must be employed or enrolled as a student.  The annual limit per family is $5,000.

Claims

You use your FSA by submitting a claim to the our administrator, Southern Administrators and Benefit Consultants (SABC) with proof of the medical or dependent care expense and a statement that it has not been covered by your plan. You will then receive reimbursement for your costs.

Claims may be submitted via the following methods.

  • Online submission:  Submit a claim via the Southern Administrators and Benefit Consultants (SABC) secure portal which can be accessed at https://www.sabcflex.com/claims. This simple and user friendly option allows the participant to enter relevant information and attach receipts by uploading jpg, gif, png, or pdf images.
  • Paper Claim:  Complete a Request for Reimbursement form and submit to SABC along with supporting documentation via fax or mail.  Contact information is provided on the reimbursement claim form which can be accessed at https://www.sabcflex.com/content/submit-claim
  • Mobile App:  Submit a claim via the SABCFlex Mobile App for smartphones.  Using the camera on your phone, take a picture of medical receipts and submit the claim for reimbursement.

To check your account balance, login to your account via the customer service portal. https://www.sabcflex.com/portal

Unused Funds

This plan offers a rollover provision where a maximum of $500 from your 2018 Medical Reimbursement account will be rolled into the 2019 account.  This rollover will occur on March 2.   The rollover provision does not apply to the Dependent Care account.

Resources

FSA Store  (Take the guess work out.  Shop for covered reimbursable medical-related items.)

Direct Deposit Change Form

Medical Necessity Form

Section 125 Plan Document_January 2017