Flexible Spending Accounts

Employees SAVE by choosing how much they will SPEND

Flex Plans are one of the best and most inexpensive plans that you can offer to your employees. This plan allows an employee to choose how much money they will spend on medical, dependent care and health insurance. Funds are taken through payroll on a pre-tax basis so both the employer and the employee save on taxes. Employees will save anywhere from 30% to 40% on their out of pocket expenses while employer’s save the entire 7.65% on FICA.

*Summary compliments of The Preferred Group