Tax-free purchases for medical and dependent care expenses.
A Flexible Spending Account (FSA) is an IRS-approved plan that allows employees to save money on qualified medical and dependent care expenses. FBMC’s PremierFSA offers employees the ability elect a specific dollar amount set aside in a tax-advantaged account on a per payroll basis. They can then be reimbursed for qualified expenses via direct deposit, payment card or check. Employers may contribute to the plan but are not required to do so.
- Experienced Account Management
- Enrollment and Fulfillment
- Award-winning Benefit Enrollment Materials
- Deduction Management
- Excellent Customer Service
- Medical and Dependent Care Claim Adjudication
- Flexible Plan Design Options
- Implementation Strategy Recommendations
- IRS-compliant Administration
- FICA savings to Employer and Employee