FSAs fall under IRS regulations but not all FSAs are created equal. BASIC provides superior responsiveness for clients and participants. Our innovative technology provides the best experience for employees while taking advantage of this money saving benefit.
BASIC Flex makes the most of your employer sponsored benefit plan
What is an FSA?
Flexible Spending Accounts (FSA) are part of the IRS Section 125, also known as cafeteria plan. FSAs are an employer sponsored benefit that allows employees to set aside money on a pre-tax basis for qualified medical and/or child care expenses. Learn more regulations in our Section 125 FSA white paper.
The IRS regulates what services or purchases are eligible under Section 125. Each benefit under Section 125 has maximum contribution limits and guidelines for when elections can change. Current IRS limits can be found at our Regulations Page.
Give your employees the ability to leverage pre-tax savings, request an FSA proposal today!