Could an FSA offer the benefits flexibility you need?
When shopping for employee benefits to offer, many companies seek options that are flexible. One has that word built right into its name: the Flexible Spending Account (FSA). Employees can use a health care FSA to pay for qualifying medical costs with pretax dollars, and employers don’t have to establish a high-deductible health plan to offer one. The catch? Participants generally must forfeit any unused balances after year end unless the FSA includes a grace period of up to 2½ months or a $500 carryover. Let us help you assess your benefits options.