125 and HRA Plans: Is September 27 on Your Calendar?

If your cooperative is adopting or making changes to its 125 Plan and/or HRA plan for the 2020 plan year, you have less than a month to return completed documents to Cooperative Benefit Administrators (CBA). All documents should be sent to CBA by Friday, September 27.

Also, remember that if your co-op sponsors a 125 Plan, 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 2020 calendar year.

The sample documents your co-op needs for 2020 adoptions and amendments, enrollments and elections, and other information can be found on the NRECA Employee Benefits website:

• 125 Plan documents
• HRA documents (includes retiree HRA plans)
• Plan features, including the debit card

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 1–29. 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.