With the high out-of-pocket costs of your new health plan, it's time for your employees to consider enrolling in an FSA.
Employer-sponsored flexible spending accounts (FSAs) are benefit plan arrangements that allow employees to pay for certain health care or dependent care expenses on a pre-tax basis. It can be offered alone or in conjunction with a major medical plan.
For 2018, the IRS has set a maximum limit of $2,650 for medical and $5,000 for child care.
Flexible spending accounts offer significant tax advantages. FICA tax liability and the ACA medical plans have employees facing much higher deductibles, copays, and coinsurance payments. Our FSA can reduce the strain of these costs with pre-tax savings.
FSA FAQs PDF download.
Savings for the Employer and Employee. Please contact John Nacol at 707-525-4370 or firstname.lastname@example.org.