A Flexible Spending Account (FSA) is an IRS Code Section 125 Cafeteria Plan. Through it, Participants set aside funds on a pre-tax basis each year into their FlexSystem account(s), and subsequently access those funds for qualifying healthcare and/or dependent care expenses incurred within the Plan Year.
Why offer an FSA?
Offering an FSA as part of an employee benefits program provides valuable benefits to both employers and their eligible employees...
...Reduces income tax (Federal, State, and
FICA): pre-tax payroll contributions result
in a lower taxable salary.
...Saves on the cost of eligible healthcare
and/or dependent care expenses: using
pre-tax dollars spells out a savings of
nearly thirty percent.
...Offers immediate access to elected
healthcare FSA funds.
...Covers common types of expenses:
medical, dental, ortho, vision, prescription
drugs, day care, and more.
Why choose FlexSystem?
FlexSystem takes the administrative burden out of offering a reimbursement program. We manage all aspects of administration and work closely with employers to ensure complete satisfaction, including seamless implementation, accurate ongoing administration, and dependable compliance.
Employers and employees alike enjoy unrivaled services and innovations with our FlexSystem Plans:
Call us at 1-888-595-2261, ext. 17730 or email firstname.lastname@example.org.
Current FlexSystem Clients and Participants: Please login to your MyTASC account,
select Contact Us, and submit a MyService Request, or call 1-800-422-4661 for assistance.