An exceptional way to enhance your fringe benefit package is through a provision of the Internal Revenue Code, Section 125. This Federal tax-qualified program allows qualified insurance benefits to be purchased with before-tax dollars, resulting in tax savings for employers and employees alike.
American Fidelity is a national leader in providing Section 125 services with over 11,000 Section 125 accounts across the United States. They help you set up your plan and then keep you posted with the latest information on Section 125 plans, such as permitted mid-year election changes.
MLBMA, in partnership with American Fidelity, can provide the following services to participating MLBMA members:
Preparation of plan documents
- Preprinted election forms
- Annual enrollment of plan through your American Fidelity Representative
- Compliance assistance
- Administration guide furnished with plan documents
In addition, the MLBMA/American Fidelity provides these services for Section 125 (Flexible Spending Account) participants:
- Daily claims processing with turnaround time of 5 to 7 business days
- Direct deposit of reimbursements to participant's bank account at no extra charge
- Toll free fax number for claim submission
- Flex Connection(R) (toll free automated phone) available 24 hours/day
For more information contact MLBMA at 517-394-5225.