FSA Details

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A Flexible Spending Account (FSA) allows your employees to set aside money on a pre-tax basis, lowering their taxable income and reducing their out-of-pocket expense. These pre-tax dollars can be used to cover Health Care and Dependent Care expenses.

As an employer, you can save by not having to match FICA taxes - a savings of almost 8%! Multiplied by each employee the savings add up over the course of a year.

Manage Your Account Online
We provide employers with an array of online services for easy accessibility to account information. Once you’re enrolled, you can:

• View payroll deductions
• View management reports, including: year-to-date contributions and disbursements, a check register to view account activity, and employee eligibility reports
• View and download forms

FLEX PLANS SAVE YOU MONEY!
Benefit	Number of Participants (A)	Annual Election (B)	FICA Rate (C)	FICA Tax Savings (A x B x C)
Medical	130	$1,000	7.65%	$9,945
Dependent Care	25	$3,000	7.65%	$5,738
Total Annual FICA Savings				$15,683