Flexible Spending Accounts are a great way for employees to save money and plan for expected expenses.
FSAs from Flex give your employees the tools and resources they need to make the most out of their FSA. Our industry-leading technology makes FSAs easy for your employees to use, and our dedicated support and service means less work for you. We take the hassle out of benefits administration so that you can worry about more important things.
Everyone knows that employees save big with a Flexible Spending Account, but did you know that employers save as well? Employee contributions to the FSA are not subject to any payroll taxes, even those paid by the employer. In many cases, Flex clients save enough in payroll taxes to cover the administrative costs of the plan. It's a win-win!
Flex makes it simple for your employees to save on everyday healthcare and dependent care expenses. Our convenient carrier claims connections can be used to submit claims for reimbursement or to substantiate debit card transactions, drastically reducing tedious paperwork.
Plus, our user-friendly website and mobile app make it easier than ever for employees to keep tabs on their accounts. With an FSA from Flex, your employees get all the savings with none of the hassle.
Stacking HSA, FSA, HRA and Commuter Plans on one debit card makes using benefits simple
With multiple transaction and reimbursement options, you can create a plan that fits your employees' needs.
Easy online enrollment, contributions and plan management
Easy plan setup and personalized
Integrated claims and enrollment with leading health plans
Provides convenient account
Two things happened in 1986. Run-D.M.C released their hit song, “It’s Tricky,” and COBRA became effective. Thirty-two years later, Run-D.M.C.’s music is still popular, and COBRA administration is still tricky—especially when it comes to Flexible Spending Account (FSAs). Add FSA carryover to the mix, and it gets even trickier.
Flexible Spending Accounts (FSAs) are one of the few benefits an employer can provide that often pays for itself (and then some). While there are expenses that will be incurred by the employer when using a third-party administrator for the FSA, there are also payroll tax savings that will offset some or all of those expenses.
To offer an FSA, or not to offer an FSA, that is the question. Let’s just cut right to the chase. Flexible Spending Accounts (FSAs) are a great way for employees to save on taxes for medical and dependent care expenses, but employers also receive financial benefits by offering an FSA.