Section 125

iSolved Online Account Access
Use this link to access your Section 125 account online.

General Information

Plan Administrator:  iSolved Benefit Services (previously known as Infinisource Benefit Services)

Section 125 of the Internal Revenue Code allows for the establishment of individual non-taxable accounts to pay for expenses associated with certain types of health and dependent care expenses.

This benefit offers employees the opportunity to have money deducted from payroll on a pre-tax basis for reimbursement of eligible medical, dental, vision, and/or daycare expenses.

Participation in the Flexible Spending Account and/or Dependent Care Expense Account is optional and available for benefits-eligible classified, management, faculty and part-time faculty employees. Enrollment in Section 125 is offered on a calendar year basis for qualified health care and dependent care expenses incurred between January and December each plan year. Employees must re-enroll each plan year to participate in Section 125. Human Resources will facilitate an open enrollment process for Section 125 each year, typically mid-October to mid-November.

A new enrollment process must be completed each calendar an employee wishes to participate in the plan. Enrollment does not roll over from one year to the next.

The election choice(s) made for Section 125 cannot be changed during the year except in the following circumstances: change in family status (marriage, divorce, death, birth or adoption); and/or change in FTE or employment status of employee or spouse. If one of these exceptions occur, please contact Human Resources within 60 days.

It is an IRS "use it or lose it" program, so unused dollars are not refunded to the employee.

Resource Center for Participants

Medical Insurance Premium Account

Expenses used to pay the group health insurance premiums not paid by employer (e.g. portion of premium that is deducted from your pay). Exception: The IRS will charge taxes on the portion of the premium that is used to pay for a domestic partner and a domestic partner's dependent children's coverage.

Healthcare Expense Account

Expenses incurred by the employee, spouse, or IRS dependent children that are not covered under a medical, dental, or vision plan. Examples: co-pay, co-insurance, deductible.

Upon election of the Section 125 FSA, eligible expenses can be paid using the Infinisource provided Benefits Card, or reimbursed by submitting a claim reimbursement request through the iSolved Benefit Services Portal or the iSolved Benefit Services iFlex smartphone app. Reimbursement will be made by check or direct deposit.

Dependent Care (Daycare) Expense Account

Expenses relating to dependent care that enable the employee to work. Examples: daycare, summer camps, after school care. Claim reimbursement requests should be made through the iSolved Benefit Services Portal or the iSolved Benefit Services iFlex smartphone app. Reimbursement will be made by check or direct deposit.

Annual Minimum and Maximum Contribution Amounts

2023: Healthcare Flexible Spending – $240 minimum and $3050 maximum

Dependent Care Account (daycare expenses) – no minimum and $5000 maximum if single or married filing jointly; $2500 maximum if married and filing separately.

College Contribution

The College contribution toward Section 125 does not apply toward the IRS maximum. Employees can contribute up to the annual maximum and receive a College contribution in addition.

Employer maximum contribution levels are based on medical insurance enrollment tiers as follows:

• Classified - Employee Only: $670; Employee + Spouse/Partner: $1340; Full Family or Employee + Child(ren): $1715
• Management - Employee Only: $450; Employee + Spouse/Children: $700; Full Family: $900
• Faculty/Part-time Faculty - Employee Only $450; Employee + Spouse/Children: $700; Full Family: $900

Effective with the 2023 plan year, the College has been notified by our Section 125 provider that a change in employer contribution is required, based on IRS rules and regulations.  To summarize, an employer contribution exceeding $500 requires an employee contribution equal to or greater than the employer contribution.  This means that for those employees whose LCC contribution would normally exceed $500, LCC can only “match” the employee contribution for amounts above $500, still subject to the regular maximum College contribution.

As a result of the change to IRS rules and regulations, each employee group developed an alternative benefit for those whose Section 125 employer contributions are impacted.  See below for more information.

Classified Employees

For those who are not eligible to receive the maximum employer contribution, based on the medical insurance enrollment tier, a one-time stipend is calculated based on the Classified MOA: Section 125 Contributions.

Employee Only (on medical insurance):

Employee + Spouse/Partner (on medical insurance):

Employee + Child(ren) / Full Family (on medical insurance):

Management and Management Confidential Employees

For those who are not eligible to receive the maximum employer contribution, based on the medical insurance enrollment tier, a one-time stipend is calculated similar to that of faculty. See the Faculty MOA: Section 125 Contributions for more information on the calculation.

Employee Only (on medical insurance):

Employee + Spouse/Partner or Employee + Child(ren) (on medical insurance):

Full Family (on medical insurance):

Faculty and Part-time Faculty

For those who are not eligible to receive the maximum employer contribution, based on the medical insurance enrollment tier, a one-time stipend is calculated based on the Faculty MOA: Section 125 Contributions.

Employee Only (on medical insurance):

Employee + Spouse/Partner or Employee + Child(ren) (on medical insurance):

Full Family (on medical insurance):

Account Access

For online access to your Section 125 account, log on to iSolved Benefit Services.

If your temporary password has expired, please contact iSolved Benefit Services at (866) 370-3040 or via email to fbamail@isolvedhcm.com.  Human Resources does not have access to the password reset function.

Expense Reimbursement

Request for Reimbursement forms, for healthcare and dependent care expense claims, can be submitted using any of the following methods:

• Email: fsa@isolvedhcm.com
• Mobile App: iSolved Benefit Services iFlex Mobile App
• Online: iSolved Online

Grace Period

If an employee has unused funds from the previous calendar year, expenses incurred through March 15 of the following calendar year will automatically be paid from the oldest balance first. For example: If you have unused funds in 2022, expenses incurred through March 15, 2023 will automatically be paid from the 2022 balance first.

All reimbursement claims must be received by March 31 for any expenses incurred during the previous calendar year. Any remaining balance(s) from the previous calendar year will not be refunded to the employee after March 31. For example, all reimbursement claims must be received by March 31, 2023, for expenses incurred in 2022.