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FSA Administration Summary
Flexible benefit plans are structured in a variety of ways, ranging from a simple Cafeteria Plan with a “premium only” program, which enables employees to pay their share of the cost of benefits with pre-tax dollars, to a cafeteria plan that includes a “menu” of Flexible Spending Accounts, including health FSAs and Dependent Care Assistance programs. In most Cafeteria Plans, an eligible employee may choose to receive all compensation in cash or may elect to direct a portion of salary to purchase additional benefits under Flexible Spending Accounts.
Medcom Benefit Solutions offers professional full-service administration for health FSAs, Limited Purpose FSAs, Dependent Care Assistance Plans, and Commuter Plans. We are your one debit card solution for all of your benefit plan administration needs!
• One debit card solution
• Responsive team of professionals
• Compliance focused
• Experienced customer service
• User friendly self-service options
About Medcom Benefit Solutions
For 35 years, Medcom Benefit Solutions has been a leader in employee benefit administration, ERISA Compliance, and consulting services providing exceptional service. Medcom Benefit Solutions' expert consultative services provide a comprehensive approach to ERISA Compliance, in addition to, the administration of COBRA, Retiree Billing, Flexible Spending Accounts, Commuter Benefits, Health Savings Accounts, and Health Reimbursement Arrangements.
As regulatory compliance continues to increase in complexity, Medcom Benefit Solutions has designed a streamlined approach to our regulatory compliance services including but not limited to, Form 5500 Reporting, Wrap Documents, Nondiscrimination Testing, ERISA Compliance Reviews, and educational training sessions.
We have also expanded our services to include solutions to help employers meet the requirements of Health Care Reform, including a full-service ACA Employer Reporting solution, Full-Time Eligibility Tracking, consulting, and ACA Penalty Appeal Support services.
More recently, Medcom Benefit Solutions has also developed a division dedicated to HIPAA compliance. Our team of HIPAA experts provide Privacy and Security Training, HIPAA Privacy Policy Documentation Packages, HIPAA Compliance Reviews, and a Total Solution package.
We are also a certified broker support partner with Employee Navigator, which allows us to assist brokers with plan setup for the benefits that we administer, such as FSA, HRA, HSA, DCAP, and Commuter Benefits, as well as COBRA administration. This access also allows Medcom Benefit Solutions to assist broker partners in collecting certain data from the Employee Navigator system in an effort to reduce the data collection process for brokers and employers.
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