EMPLOYER OVERVIEW BROCHURE

A Section 125 Flexible Spending Account (FSA) can provide your employees a money saving benefit without dramatically increasing your employee benefit costs. In some cases, your tax savings on employee contributions (the amount of FICA taxes your company pays) will likely offset your plan costs. By allowing employees to pay for certain health care and dependent care expenses with pre-tax dollars, an FSA can also reduce your employees’ taxable income.

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EMPLOYEE HEALTH CARE FSA OVERVIEW

A flexible spending account (FSA) provides the ability to pay for certain health-related expenses with pre-tax dollars, resulting in more take home pay for you. FSAs are designed to help employees pay for health care expenses that are not 100% covered or are ineligible for payment by health insurance plans. Sample medical care expenses may include deductibles, co-payments, amounts over the maximum the health plan pays, expenses for routine physicals and possibly other expenses not covered by your health insurance plan.

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EMPLOYEE DEPENDENT CARE FSA OVERVIEW

A flexible spending account (FSA) provides the ability to pay for certain dependent related expenses with pre-tax dollars, resulting in more take home pay for you. A Dependent Care FSA is designed to help you pay for dependent care expenses for both children and the elderly, which you incur while in work or school. In many cases, using a Dependent Care FSA can be more advantageous than the federal tax credit.

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EMPLOYEE FSA FLEX DEBIT CARD OVERVIEW

SmartFlex® Debit Card
A valuable part of the flexible spending account is the flex debit card option. The SmartFlex® Prepaid Visa® Card makes using your flex dollars easier than ever. As long as the merchant or service provider accepts Visa debit cards, there’s no need to pay cash up front and then wait for reimbursement. And, depending on your Plan, most of your purchases will not require additional documentation. You can even check real-time account status and account balance information on-line.

Quickly/simply pay for health care and dependent care expenses such as:

• Office visit co-pays
• Prescription co-pays
• Licensed daycare facilities, pre-school and after school programs

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EMPLOYEE FSA FREQUENTLY ASKED QUESTIONS

What is covered under a health care spending account?

What is covered under a dependent care spending account?

And more...

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CONSULTANT FSA OVERVIEW

Employers need the ability to provide options in their compensation packages. By adopting a Flexible Spending Account, employers can provide individual employees a benefit that saves both parties money. With an FSA, employees report less taxable income while employers pay less FICA taxes. It’s a win-win situation.

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