Flexible Spending Accounts

Tax Advantaged Account

2017 Administrative Fees:

  • $3.45 Per Employee Per Month, regardless of single or family coverage.
  • Set up Fee: $2.95 Per Employee (includes preparation of Summary Plan Description)

Advantages of FSAs for employers include:

  • Reduce your annual plan-sponsored medical expenses.
  • Give employees a tax-advantaged way to save money.
  • Gets employees more involved in their health care decision making, thus making them better health care consumers.

Advantages of FSAs for employees include:

  • Deductions are taken before taxes, so you have less tax and more spendable income.
  • Can be used to offset ever-rising dependent care expenses.
  • May lower your tax bracket.