Flexible savings, dependable coverage
A Cafeteria Plan (section 125) allows employees to pay for their employer-sponsored insurance premiums with pre-tax dollars. The employer may also implement a Flexible Spending Account into the Cafeteria Plan, which allows employees to also pay for expenses such as deductibles, co-insurance, co-pays, prescription drugs, vision expenses, and dental expenses with pre-tax dollars. Even the most comprehensive insurance policies have out-of-pocket expenses. FSAs can help your employees save on these expenses.
Flexible Spending Accounts encompass all aspects of a POP plan with these additional value-added services:
- Case setup/employee communication
- Online/on-site enrollment
- Claims submission to our in-house claims department
- Payments via direct deposit, check or debit card
- Online participant inquiry and reporting
By implementing an FSA into your Cafeteria Plan, you can reduce your employees’ taxable compensation.
Contact one of our sales consultants today to learn more, 1-800-333-1673.
To find out what products are eligible for purchase under your Flexible Spending Account please click on the link below to review or purchase.
*Please Note: FSA and HSA eligible products follow the same IRS 213d eligible expense list*