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Flexible Spending Account PlanSometimes 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:
When employees use tax-free dollars to pay for these expenses, they realize an increase in their spending power and big tax savings.
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Comprehensive Payroll Services Phone: 937-222-2905 | Fax: 937-222-5368
Website designed and hosted by OVMCG |
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