American Fidelity Assurance Co.
The Section 125 Plan offered through American Fidelity Assurance Company allows you to deduct needed benefits from your gross earnings before taxes are computed. What that means is that current after-tax expenses for insurance products and benefits can now be paid for with pre-tax dollars. This benefit helps you reduce your taxes and increase your spendable income.
A representative from American Fidelity visits each building annually in late fall. All employees must meet with the rep. to sign up for, or sign off of the election offerings. The plan year runs from January 1 through December 31.
DEPENDENT CARE/UNREIMBURSED MEDICAL EXPENSE ACCOUNTS
You can direct a part of your pay, on a pre-tax basis, into special accounts that can be used to reimburse yourself for dependent day care expenses and/or unreimbursed medical expenses. As you incur expenses, you submit the appropriate claim paperwork for reimbursement of your expense. They also now offer an American Fidelity Debit card for immediate access to your account for medical expenses. See below for full benefit description.
American Fidelity also offers Long/Short Term Disability, Hospital Plan, Long Term Care, Cancer, Accident Only, Critical Illness, and Life insurance plans.