Flexible Spending Accounts (FSA)

Flexible Spending Accounts (FSA) will allow employers and employees to expand the tax-saving benefits of a premium only plan. They also enable companies to provide superior health care benefits, increasing employee satisfaction, and retention.

Flexible Spending Accounts allow your employees to set aside a portion of their paychecks for healthcare and dependent daycare expenses before taxes are calculated. The more they take advantage of this benefit, the less you’ll pay for payroll taxes, including Social Security and Medicare.

October 7th, 2014 by LD&B Benefits Administrators