125 and HRA Plans: Documents are Due Next Week
One last reminder—be sure to return any completed documents required for next year’s 125 Plan and/or HRA plans to Cooperative Benefit Administrators (CBA) by next Friday, September 25.
When are new documents needed? If your co-op:
- is adopting a new 125 Plan and/or HRA plan for the 2021 plan year
- is making changes to an existing 125 Plan and/or HRA
- sponsors the 125 Plan—in which case you must submit a payroll calendar each year for each subgroup administered—whether or not your co-op is making any changes to your plan. Plan dates in the payroll calendar must all be in the 2021 calendar year.
The sample documents your co-op needs for 2021 adoptions and amendments, enrollments and elections, and other information can be found on the NRECA Employee Benefits website:
HRA documents (includes retiree HRA plans)
Plan features, including the debit card
If you’re not sure which documents you need to complete, refer to the fliers Making Changes to Your 125 Plan and Making Changes to Your HRA Plan.
Open enrollment for tax-advantaged plans will run from November 1–30. Your co-op’s primary benefits administrator will receive more information on the open enrollment process in the coming weeks, via email.
For questions about adopting plans, plan changes, or open enrollment, contact CBA at 866.673.2299 and choose option 1, then 4, or email cba.fsa.hra@nreca.coop.