FlexSystem is an IRS Code Section 125 Cafeteria Plan that enables employees to pay for
eligible expenses on a pre-tax basis – an instant savings of nearly 30% for the employee! For
you? Benefits costs are controlled without restricting choices, and you pay less in Social Security
tax for every dollar of employee participation.After a paperless on-line set up, employees place funds in predetermined benefit accounts
through salary reduction. When a qualified expense is incurred, the employee submits a request
and receives prompt reimbursement. With on-line administration and submission of Requests for
Reimbursement, daily check processing, and direct deposit,
FlexSystem provides the industry’s fastest turnaround of requests!
See it for yourself! MyTASC Demo Site
FlexSystem offers employers:
- All-inclusive fees – no additional charges or hidden fees.
- A funding arrangement unique in the industry.
- Exclusive VeriFlex process to substantiate Requests for Reimbursement.
- Electronic transfer of Client funds to FlexSystem – no more cutting checks.
- No ties to any insurance or other employee benefit plan.
- Transportation benefit available at no additional cost.
- Mirror-imaging of payroll for fastest turnaround of reimbursements.
- 25+ years of experience.
- Audit guarantee.
FlexSystem offers employees:
- Requests for Reimbursement submissions via paper, fax, or on-line.
- 24-hour turnaround on reimbursements via Direct Deposit.
- Instant account status availability on-line or via FlexSystem’s voice response system.
- Enrollment or re-enrollment on-line from the privacy of your home.
- FlexSystem Claim Card (debit card) for seamless real-time payments.
- Toll-free customer service, including a separate line for Participants.
-
Tax
Savings Calculator - Use this calculator to estimate your tax savings by participating
in a Cafeteria Plan offered by your employer.
To use the calculator enter in estimated monthly amounts for your salary, insurance premiums, medical expenses and dependent care (if applicable).
Choose the state in which you live to ensure we calculate your savings using the appropriate tax percentage.
Based on the information you provide the calculator will show you how much your take home pay will be with and without participating in FlexSystem.
While our calculator will provide you a snapshot of savings based on your current situation and the estimates you provide, we encourage you to revisit the calculator on a regular basis to check your estimated savings.
FlexSystem Premium Only Plan (POP)
Not sure you need a Full Flexible Spending Account (FSA) Plan? You can still save
money on your group health insurance premiums with a Premium Only Plan!
