Southflex - Flexible Spending Account Plans
SouthFlex, a flexible spending accounts plan, is an employee benefits program designed to increase your disposable income by reducing the amount of taxes you pay. This program allows the use of pre-tax dollars to pay for qualified dependent/child care expenses and eligible healthcare expenses, including dental expenses, which are not reimbursed by USA Health & Dental Plan or any other insurance plan.
Effective January 1, 2017, the administration of SouthFlex will change from Blue Cross Blue Shield of Alabama to HealthEquity®. We are pleased to announce that with this change we are adding the HealthEquity® Visa® Reimbursement Account Debit Card. When you incur a qualified medical expense, you will be able to pay with the HealthEquity® Visa® Reimbursement Account Card or submit the expense through the HealthEquity online tool for reimbursement. It is important to remember to save all receipts as you will need them for reimbursements and to possibly validate your expenses with HealthEquity.
You establish your account(s) by electing an annual amount to be deducted from your paycheck and deposited equally over 12 or 26 pay periods, depending on your monthly or biweekly pay status. You do not pay social security taxes, federal income taxes or state income taxes on either the amount you contribute to an account(s) or the amount reimbursed to you from an account(s).
New employees interested in participating in SouthFlex must submit a completed enrollment form to Human Resources within 30 days of employment. Current employees must enroll each year during Open Enrollment in November for participation in the following calendar year.
The maximum annual employee salary reduction contribution allowed for the Healthcare Flexible Spending Account increased from $2,550 to $2,600 effective January 1, 2017.
The maximum annual employee salary reduction contribution allowed for the Dependent Care Flexible Spending Account remains at $5,000 or $2,500 for married taxpayers filing separate returns.
University of South Alabama
650 Clinic Drive
TRP III, Suite 2200
Mobile, AL 36688-0002
For more information, visit www.healthequity.com.
Register for online member account access at www.healthequity.com.
FSA - Flexible (Reimbursement) Spending Account Plans
FSA reimbursement requests are administered and processed by HealthEquity, Inc.
If you have questions concerning your FSA, please contact HealthEquity, Inc.
|Southflex Brochures/More Information|
|HealthEquity Member Services:||(877) 288-0719
If you have FSA questions that HealthEquity is unable to answer, please contact Human
Resources at 460-6133.
Thank you for your participation in SouthFlex.