Section 125 (Flexible Spending Account)
IEBP offers HIPAA Title II compliant paper and/or debit Section 125 administration services for premium only plans, dependent childcare and unreimbursed healthcare expenses. Effective Plan Years January 1, 2013 and thereafter, a cap on unreimbursed healthcare expenses of $2,500 was implemented per the regulatory mandate. The Employer Member has the option of a, the Section 125 Premium Only Plan; a two month, fifteen day Section 125 Grace Period Plan; or the $500 maximum unreimbursed medical only Section 125 Carry Over Plan. Discrimination Testing is also available.