The awareness of Section 125 Flexible Spending Plans is continually increasing. In 1978, Congress enacted Section 125. Section 125 flexible spending allows employees to set aside their own money in order to pay for medical premiums, out-of-pocket expenses and dependent care expenses on a pretax basis. This turns into incredible tax savings opportunities for employees, which in turn increases their take-home pay without costing their employer more money. In almost all cases tax savings are well over the amount of dollars paid in administrative costs.
A comprehensive, efficient and innovative service, AccBen’s FSA solution maintains plan compliance, manages employee spending accounts, and most importantly saves our client’s money.
Flexible Spending Accounts can be structured to include a variety of benefits:
Employers are able to realize the benefits of:
Both Employers and employees receive the following benefits with AccBen’s solution:
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