Flexible Spending Accounts (FSAs)

FlexFSA™ employer flexible spending accounts offers participating employees the opportunity to reduce taxable income by using tax-free dollars to pay for health care and dependent care expenses. FlexFSA offers a stand-alone health care and dependent care solution that handles all the reimbursement tasks associated with the successful implementation of these plans, so you don’t have to.

FlexFSA employer flexible spending accounts now offers enhanced scalable plan options designed to provide the best possible FSA experience for you and your participants, including:

  • Health Care, Dependent Care and Limited Scope FSAs
  • Multiple funding options
  • Reimbursement frequency options, including daily and weekly
  • Full integration with our other Flex Plans, allowing stackable operation
  • Availability of 2-½ month grace period
  • Flexible reporting options available for Participant, Debit Card, Funding and Payment Reports
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FlexFSA Plan Features

Flex offers a variety of FSA plan features that are designed to help you and your participants get the most out of your FSA, including:

Plan Design Expertise

  • Review of funding strategies and benefit designs
  • Development of custom benefit strategies

Education & Enrollment

  • Pre- and post-enrollment communications
  • Simplified educational materials 
  • Dedicated education and enrollment specialists to conduct meetings for employees
  • Frequent e-communications about plan features, key dates, industry news and more
  • Timely e-communications about plan activity for “Go Paperless”  participants
  • Digital enrollment kits (free) / paper enrollment kits (request pricing)

Simple Transactions

  • FlexMoney® Debit Cards
    • Automatically included for free
    • For FSA Health Care transactions only
    • No paying cash at time of purchase or waiting for reimbursement checks for eligible expenses
  • CrossTech®
    • Simplified, automated and paperless claims processing
    • No claim paperwork for participants to complete for reimbursement
    • Secure information transfer between Flex and the insurance carrier, third-party administrator and/or pharmacy benefits manager
    • Available to participants of our FSAs that are also enrolled in one of the following plans or vendors:
      • Blue Cross® and Blue Shield® of Illinois
      • Delta Dental®
      • IHS Health Solutions®
  • Direct Deposits and traditional check reimbursement methods 

First Class Service

Online Access

  • 24/7/365 web support
  • Direct access and resources for plan administrators and participants
  • Plan Administrators – Account balances/activity, Administrative updates, Forms,  Participant access, Payment history, Plan details, Reports, Submit help tickets,  Update participant access, And more!
  • Participants – Account balances/activity, Add/Update banking information, Claim  status/activity, Forms, Payment history, Plan information, Submit claims online,  Submit help tickets, And more!
  • Integrates access with other Flex Plans

Flex has been providing best-in-class employer FSA programs since 1988. Unlike other service providers, FSA administration is at the core of our Flex Plans offerings. Our employer FSA programs provide a simple, tax-free plan with fully-integrated administration services at a cost-effective price.

Contact your experts at Flex today for more information on FlexFSA.

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