Our full-service FSA program makes it easy and convenient for employers to offer the following tax-advantage benefit programs:
- General Purpose Health FSA
- Limited Purpose Health FSA
- Dependent Care FSA
We provide FSA services to employers ranging in size from 2 to over 2,000 employees. The following provides an overview of our FSA program:
- Master plan document/SPD/employee enrollment materials/check stock provided
- Review/audit/process/assist with plan set-up and enrollment processes:
- Paper enrollment
- Online enrollment
- Dedicated service team
- Daily processing of reimbursement requests; checks or direct deposits processed day following receipt of reimbursement request
- Integrated “Benny” card available for general or limited purpose FSAs purchases
- Direct deposit
- Email notifications for participants
- Online Account Management Tools
- 24/7 access to FSA accounts
- Online claim filing available to participants
- Employee communications and educational tools
- Employer financial reports
- Interactive learning videos
- Health Care Expense Table
- FSA Store – online retail buying portal
- COBRA Continuation (if providing COBRA services)
- Non-discrimination testing (if requested by Employer)
IRS News Releases concerning FSAs
- Notice 2002-24: 5500 Filing Requirement
- Notice 2005-42: Grace Period
- Notice 2012-40: $2500 limit regarding Health Flexible Spending Accounts (FSAs)