Advantages of an FSA
Flexible spending accounts (FSAs) are just one of the many CDH plans available through the NPMA Health Care Exchange. FSAs reduce your employee’s taxable income by setting aside pre-tax dollars to pay for eligible healthcare expenses. Employees can contribute up to $2,650 annually towards their flexible spending account to be used towards medical and dental out of pocket expense. Another positive with FSA’s is that it covers all eligible dependents even if they are not covered under the employee’s primary health plan. Employees are provided with a benefits debit card that allows them to avoid out of pocket expenses, cumbersome paperwork and reimbursement delays. There is also online and mobile access to account information to allow employees to see real time account balances, file a claim for reimbursement by snapping a photo of the receipt, and check on claim status. For more information on how Flexible Spending accounts can benefit you and your employees, please contact JerriLynn Cobb at email@example.com.