Flexible Spending Accounts

2012 Flexible Spending Account Balances

Employees who have not claimed all of their funds from Medical Reimbursement, Premium Reimbursement, and/or the Dependent Care accounts have until April 15, 2013 to file any claims for 2012.  These claims must be for expenditures incurred between January 1, 2012 and December 31, 2012.  The IRS permits agencies to institute a grace period for incurring medical expenses which may be applied to the Medical Reimbursement Account.  Medical expense incurred between January 1, 2012 and March 15, 2013 may be filed against the 2012 account.

Claims may be filed via the following methods.

• Completion of the “Request for Reimbursement Form” which is available on the benefits webpage at http://www.olemiss.edu/depts/hr/benefits/SABCReimbursementRequestForm.pdf.  This form, along with supporting documentation, shall be mailed, emailed, or faxed to Southern Administrators & Benefit Consultants (SABC).  Requests post-marked after April 15th will not be processed and any unused contributions remaining in the participant’s account after this date will be forfeited.
• Submission of an online claim via the SABC website at https://www.sabcflex.com/claims.  Under this option, complete required fields and attach receipts by uploading a file with supporting documentation.

Claim requests received before 3 P.M. will be processed and reimbursed the same day in which the request is received.   Associates who signed up for direct deposit will receive an email that evening stating the funds have been wired to their account. Normally, they will arrive in the account the next business day. Remember reimbursements for dependent care expenses can only be made after the funds (deductions) have been received from the University of Mississippi.