Flexible Spending Accounts
Flexible Spending Accounts allow employees to set aside money on a pre-tax basis to pay for eligible healthcare and dependent care expenses. Employers can choose from the following flexible spending accounts (FSA). Compare to HRA and HSA.
- Premium Contribution Plan
- Healthcare Flexible Spending Accounts
- Dependent Care Reimbursement Accounts
- Commuter Expense Reimbursement Account
- Health Reimbursement Arrangement
FSA Overview Brochure (PDF)
Benefits to the employer
Employers who offer Flexible Spending Accounts may experience a reduction in employer and FICA taxes, while employees who participate reduce their taxable wages. The result is lowered taxes for you, with added benefits for your employees.
