A married couple earning $50,000 that contributes $2,000 to their FSA will save over $450.
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Nearly 37 million private-sector employees have access to an FSA. However, only 18 percent of eligible employees take advantage of the pretax healthcare spending provided by flexible spending arrangements.
Congressman Jim McCrery
R-Louisiana, author of
H.R. 4279 roll-over legislation
let employees use pre-tax dollars to fund health-related goods and services...and save company costs at the same time...
Many companies manage their own employee benefit systems while others have outsourced this function to third party administrators. Regardless of method, there still remains a great deal of cost involved in overseeing, maintaining, and servicing the many types of benefit programs offered.
As healthcare costs have steadily increased, the Flexible Spending Account (FSA) has grown in popularity. While this plan provides a valued and timely benefit to employees, it also benefits the employer through a reduction in Social Security tax liability. Allegis Technologies believes in building further on that advantage with the SecureBenefits™ Card.
Loaded with an employee's initial FSA balance at the beginning of the plan year, claims are automatically reconciled and deducted with full record keeping for both you and your employees. Reduced fees for processing claim and reimbursement transactions equates to greater savings in costs...and time.
We'll show you how to eliminate the year end processing crunch and the onslaught of "last-minute" claim forms. Why wait?... Allegis Technologies, with full support from beginning to end, can tailor a custom SecureBenefits™ FSA Card for your company's unique needs starting today.