Flexible Spending Accounts
The University's FSA benefit can help you budget for healthcare and daycare costs.
A Flexible Spending Account (FSA) will help you save on medical and care expenses
FSAs allow you to set aside pre-tax money for reimbursement of eligible out-of-pocket expenses, to include, but not limited to, daycare, medical, dental and prescription expenses.
This benefit allows you to save on your take home pay as you are not paying taxes. See below for a breakdown of FSA plans available to benefits-eligible faculty and staff.
FSA overview
This is a post-tax insurance option. It is gguaranteed for new hires or employees who recently became eligible for benefits when enrollment is completed within 31 days of the qualifying event. All late applicants are subject to underwriting.
| Provider | Southern Administrators and Benefit Consultants (SABC) |
| Contact Information | |
| Eligibility | Benefits-eligible employees, their spouses and dependent children |
| Coverage | 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 employee for calendar year 2024 is $3,200. Eligible medical expenses include:
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. Eligible care services include:
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| Cost | Employee sets aside pre-tax income. There is no charge for the service. |
Frequently asked questions
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.
Participants have 60 days into the new plan year to request reimbursements for eligible expenses incurred during the previous year.
To check your account balance, login to your account via the customer service portal.
In accordance with the Consolidated Appropriations Act (CAA), up to $640 of unused funds in a Medical Reimbursement account can be rolled over to the next plan year. Please note, the rollover amount may change from year-to-year.
This rollover will take place 60 days after the reimbursement extension period ends. Please note, this rollover provision does not apply to Dependent Care accounts.
If you have leftover FSA funds that won't rollover, or are in need of medical supplies, you can visit the FSA store to make a purchase. All items on the site are FSA eligible.
You can update your FSA direct deposit information using this form. Fill out the form, attach a voided check and fax or mail to SABC.
Fax: 601-856-8088
Mail to PO Box 2449 Madison, MS 39130
Not all health related expenses are reimbursable by your FSA. Some procedures/items are considered dual-purpose and may or may not be eligible. If the recommended treatment is for general well-being such as vitamins, nutritional supplements, massage therapy and weight lost treatments, then they would not be eligible.
However, if they are required to treat a specific medical condition and directed by your healthcare provider, then the expense would be reimbursable. In order to be reimbursed for dual-purpose items, please take this form to you doctor for completion.
If you have questions, please contact SABC.
Each employee can contribute to the Medical Reimbursement Plan. The family limit for Dependent Care is $5,000.
Contact the HR Service Center
If you have a question, need help, or are dealing with an HR problem, the HR Service Center is here for you. Whether it's about benefits, pay, leave, insurance, tuition waivers, or anything else, our team of experienced HR Service Coordinators is ready to get you the answers you need as quickly as possible.
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