SASI. Better Benefits Solutions. 125 Cafeteria Plans, Section 132 Transportation, Health Reimbursements, 401K Recordkeeping, etc. What is a Section 125 Cafeteria “FSA” Plan?. It is an employer-sponsored plan which allows employees to pay for certain qualified expenses on a pre-tax basis.
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Better Benefits Solutions
125 Cafeteria Plans, Section 132 Transportation, Health Reimbursements, 401K Recordkeeping, etc.
It is an employer-sponsored plan which allows employees to pay for certain qualified expenses on a pre-tax basis.
Types of plans:
The Federal Government gives you a “tax break”. The IRS explains the rules and regulations of this type of plan in Code Section 125.
Reduce your taxes
Increase your take-home pay
Pay for rising healthcare expenses with pre-tax dollars
Example of tax savings on your paycheck stub
Monthly Income $3000
Medical Insurance Deduction -$ 300 (minus deduction)
Medical Expenses -$ 100 (minus expense)
Taxable Income $2600
Federal, State and FICA Taxes -$ 728 (minus taxes)
Monthly Take Home Pay $1872
Monthly Savings with 125 Plan $ 112
Yearly Savings with 125 Plan $1344
A healthcare expense is a medical expense not covered by your insurance. The IRS has decided that certain expenses are allowable in your Section 125 Cafeteria (FSA) Plan.
The full amount of your health care election is available to you at any time during the plan year regardless of the dollars that have been taken out of payroll to date. Any health care expenses pertaining to you, your spouse, and/or any dependents on your tax return are allowed.
Full list of eligible expenses available on our web-site www.sasiplans.com
Eligible OTC Products
Ineligible OTC Products
•Allergy prevention and treatment
• Asthma medicines
• Cold and flu remedies
• Diabetic supplies • Lactose intolerance supplies • Pain relievers
• Sleep aids
•Baby Products (e.g. formula, lotion)
(e.g. toothbrush, toothpaste, dental floss)
• Suntan Lotions / Sun Glasses
• Teeth Whitening Kits
Use pre-tax dollars for dependent care expenses that incur while your and your spouse work, look for work or go to school.
You choose the method that works best for you to submit your claims to SASI.
Health care claims
You will be reimbursed 100% of allowable expenses up to your maximum annual election thru your paycheck.
You will be reimbursed 100% of allowable expenses up to the amount that has been deducted from payroll.
You will receive your reimbursement by check or direct deposit.
In order to change your election you must have a “life event’ such as:
Birth or adoption of a child
Death of spouse or dependent
Change of employment (or coverage) of spouse
Be careful about making your annual election for medical and dependent care expenses. Forecasting your expenses will reduce the risk of losing part of your annual election.
If money remains in your FSA at the end of the plan year plus the additional 2 ½ month grace period, you must forfeit it!. Most participants plan carefully, and forfeitures are infrequent and usually small.
Review your monthly statements or go the SASI Web Site at www.sasiplans.com . Check your remaining account balances regularly. Remember, expenses must be incurred within the plan year or the following 2 ½ month grace period.
CHOOSE YOUR ELECTION CAREFULLY…IF YOU DON’T USE IT, YOU LOSE IT.
Once you are enrolled, you can log onto the web-site under employee login to create a personal log in. You will see:
Your personal account balances, check history, claims status, and historical transactions.
Claim forms, Summary Plan Description (SPD)
Allowable eligible expenses
Currents news and events
Frequently Asked Questions (FAQ)
Any questions please call SASI
7:30a.m. to 4:30p.m CTS
or e-mail us at