eflexFSA | Flexible Spending Accounts
Flexible Spending Plans are a great way for both employers and employees to save money. In fact, they are one of the only benefits that save both employees and employers money. These pre-tax plans work by allowing employees to set aside money pre-tax (before taxes are deducted from their paychecks) to pay for common everyday medical, travel, and dependent care expenses. Pre-tax plans save money on Federal, FICA and state taxes.
Benefits of FSAs:
- Employers save 7.65% in FICA taxes for every dollar employees contribute to an FSA.
- Employees get an "instant raise" in the form of tax-savings.
- We've perfected our processes so you and your employees avoid the hassles that some TPAs cause.
- Employees enjoy the peace of mind that money for their health needs is there when they need it -no worrying about paying for unexpected (or expected) medical expenses.
- Morale Booster
All pre-tax accounts save you and your employees money, but the added benefits come from which company you choose to administer your plan. With eflex you get industry leading service, which means we're here anytime you need us, employees get their money back faster, and we have some of the lowest claims error rates in the industry. Reliable, trustworthy, available and lucrative -what more could you ask for?
Want more information? Download our FSA flyer to learn more.
Ready to see how much an eflexFSA can save you? Crunch the numbers with our Savings Calculator.
Contact us today to start saving your company and your employees money.
To find out more about the main types of FSAs click on the links below: