Premium Only Plan

Flexible Spending Account Plan

Online 401(k)



 

Flexible Spending Account Plan

Sometimes they are referred to as cafeteria plans, flex plans, section 125 plans, or FSAs. However you refer to it, our Flexible Spending Account Plans include the benefits of a POP, and let employees set aside a certain amount of each paycheck into a healthcare reimbursement account — before paying income taxes.

During the year, participants have access to this account for reimbursement of expenses — not covered by insurance — that they regularly pay for, such as:

  • Deductibles, co-pays, and other eligible expenses not covered by insurance
  • Prescription drugs and medical supplies
  • Over-the-counter drugs that are medically necessary like allergy medications, aspirin, or antacids
  • Dietary supplements with doctor's letter of medical necessity
  • Dental services, orthodontics, and dentures
  • Eyeglasses, contacts, solutions, and eye surgery
  • Weight-loss programs with doctor's letter of medical necessity
  • Weight-loss over-the-counter drugs with doctor's letter of medical necessity
  • Chiropractic services
  • Vitamins with doctor's letter of medical necessity
  • Psychiatric care and psychologist’s fees
  • Smoking –cessation over-the-counter drugs
  • Adult and child daycare services
  • Transportation and parking expenses (Section 132 Plan)

When employees use tax-free dollars to pay for these expenses, they realize an increase in their spending power and big tax savings.

 

 

 
 

 

Comprehensive Payroll Services
8518 N Dixie Dr
Dayton, OH 45414

Phone: 937-222-2905 | Fax: 937-222-5368

 

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