Flexible
Spending Accounts
Flexible spending
accounts (FSA) can be an excellent way to help
leverage your out of pocket healthcare and dependent
care costs. An FSA allows you to set aside money
on a pre-tax basis, lowering your taxable income.
These pre-tax dollars can be used to cover healthcare
and dependent care expenses.
When electing an
FSA, you enter the total amount you wish to contribute
for the current plan year. Your employee's monthly
or bi-weekly payroll deduction will be calculated
automatically.
Employees must re-enroll
in an FSA every year during open enrollment, and
are committed through the year. Call us to decide
if enrolling in a flexible spending account is
right for you or your employees.
FSAs are distinct
from Health Savings Accounts (HSAs) and operate
under different regulations. Please refer to our
HSA section for more information.
Employees or Employers
with questions about their benefit options, enrollment
or eligibility should contact us.
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