Benefits & Services Section 125

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.

For more information about how TML MultiState IEBP can help you manage your benefit costs, please Contact Us today!