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Flexible Benefits with FSA!

Discover the advantages of Flexible Spending Accounts (FSAs) for your clients' healthcare, dependent care, and commuter needs. FSAs offer employees a tax-advantaged way to save for eligible medical and dependent care expenses, providing flexibility and cost savings.

• Tax Savings: Contributions to FSAs are made pre-tax, reducing employees' taxable income and increasing their take-home
pay. Lowering payroll liabilities for your clients.
• Budgeting Assistance: FSAs allow employees to set aside funds for expected healthcare, dependent care, and commuter expenses, reducing financial stress.
• Eligible Expenses: FSAs cover a wide range of medical, dental, vision, and dependent care expenses, including copayments, prescriptions, and childcare costs.
• Convenience: FSAs typically come with a debit card for easy access to funds, streamlining the reimbursement process.

Important Details:
• Contribution Limits: The IRS sets annual contribution limits.
• Use-it-or-Lose-it: FSAs typically have a "use-it-or-lose-it" rule, meaning funds not used by the end of the plan year may be
forfeited.
• Grace Period or Carryover: Some employers offer a grace period or allow a portion of unused funds to carry over to the next
plan year, providing added flexibility. * Please note that the IRS sets annual carryover limits.

Ready to offer your clients a flexible and cost-effective benefits solution? Partner with Flyte HCM and offer FSA options through Employee Navigator's user-friendly platform. Take the next step towards enhancing your clients' benefits packages and promoting financial wellness. Contact us today to learn more!