Southwest Benefit Administrators (SBA) provides timely and accurate benefits administration
services for Direct Reimbursement programs that don't involve an
insurance plan at all. How does a Direct Reimbursement plan work?
We Make It Easy to Understand and Implement. We make choosing the right flex account or combination simple. Ask your broker about the right fit for your business, and when you enroll, SBA will send you a signature-ready, customized Plan Implementation and Administration Kit containing:
- Plan Adoption Agreement
- Plan Document
- Summary Plan Description
- Certificate of Resolution
- Election Forms
- Brochures for employees
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- Instructions on signing documents and distributing forms to employees
- Instructions for maintaining your plan
- Simplified explanation of payroll adjustments
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How Can You Reduce Your Taxes and Expand Your Benefits at the Same Time?
The IRS has provisions that can save employers and employees money with pretax savings. Sometimes referred to as Section 125 plans or cafeteria plans, Flexible Spending Accounts let employees set aside a portion of each paycheck into an account — before paying taxes. We provide two options to help you take advantage of these savings:
- Premium Only Plan (POP)
- Flexible Spending Account (FSA) - with Health Care Reimbursement & Dependent Care Accounts
SBA provides timely and accurate benefits administration services for businesses who have self-funded plans, as well as providing TPA services for programs that don't involve an insurance plan at all.
Flexible spending accounts allow you to set aside money on a pre-tax basis, lowering your taxable income and reducing out-of-pocket expenses.
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