FSAs are an important part of a comprehensive employee benefits offering in recruiting and retaining employees. Your employees will appreciate the ability to use pretax dollars to fund eligible health care related expenses not covered by a health plans.

Establishing an FSA will help you save payroll and FICA tax savings, write off administrative costs as a normal business expense and help your workforce save money. Despite the benefits of an FSA, there’s a lot of record keeping involved in FSA administration. It takes a lot of staff time to review submitted, paid and denied claims, issue reimbursements and perform necessary discrimination testing.

Highlighted benefits of FSA Administration

  • Dedicated account manager
  • Section 125 Cafeteria Plan documents
  • Online employee enrollment
  • Online nondiscrimination test
  • Debit cards
  • Online reimbursement request form
  • Two-day claim review
  • Online employer reports
  • Client and participant website and call center support
  • Certified Flexible Compensation (CFC) experts on staff
  • Direct deposit