Flexible Spending Accounts (FSA) Administration Services

Flexible Spending Accounts (FSA) have become increasingly important components of consumer-directed health care plans and popular vehicles for reducing ever-rising health care and dependent care costs. Both employers and employees have much to gain from an FSA plan, including reduced costs through tax savings and more responsible health care spending, plus increased health, productivity and retention. Ceridian, a leader in FSA administration services, has the experience to help employers implement and maintain a successful FSA program.

Employer benefits

For employers, there are valuable advantages to offering employees a Flexible Spending Account as part of a benefits package:

• Employers owe no payroll taxes on employee FSA contributions, saving them up to 10% on all contributions
• Employer tax savings usually pay for the entire cost of FSA administration
• Try our Flexible Spending Account calculator to see how much your company could save with an FSA

Employee benefits

There are also valuable benefits for employees:

• Employee FSA contributions are made with pretax dollars, saving them an average of 30% on eligible expenses every year.
• An FSA provides employees with an additional option for minimizing health care costs

Health Care Flexible Spending Account

With a Health Care FSA, employees can use their pretax contributions for:

• Insurance deductibles
• Co-payments
• Eyeglasses and contact lenses
• Orthodontia and other dental-related expenses

Additionally, employee Health Care FSA dollars can be used toward hundreds of other health care-related expenses not covered by insurance plans.

Limited Purpose Flexible Spending Account

A Limited Purpose FSA is designed to complement a Health Savings Account (HSA) and limits eligible expenses to dental or vision-related services only. With a Limited Purpose FSA, employees can use their pretax contributions for:

• Eyeglasses and contact lenses
• Orthodontia and other dental-related expenses

Dependent Care Flexible Spending Account

With Ceridian's Dependent Care FSA, employees can use their pretax contributions for:

• Work-related child day care expenses
• Work-related dependent adult day care expenses

Part of an integrated consumer-directed health care solution

As part of a consumer-directed health care (CDHC) plan, Flexible Spending Accounts help to offset the rising cost of health care not only through tax savings, but also by placing health care spending decisions in the hands of consumers.

By combining your Flexible Spending Account with other consumer-driven health care accounts such as Health Reimbursement Arrangements (HRA), you can empower your employees to take more responsibility for their health and health care spending. And with Ceridian, your employees can conveniently access funds from multiple CDHC plans using the same Ceridian Benefits Card.

Choosing the right FSA administrator

As a leader in FSA administration, Ceridian can help your company implement and maintain a successful FSA program. With Ceridian as your FSA administration services provider, you will enjoy a seamless integration of FSA options into your existing health plan offering.

Going above and beyond

We are committed to providing competent, quality customer service to thousands of FSA clients and participants nationwide. With the Ceridian Benefits Card, a self-service Web portal, rapid claims processing and careful attention to your needs, we aspire to produce the highest level of service in the industry.

Ceridian also provides value-added tools and resources to help employers and employees get the most out of their FSA plan. Our ParticipationPLUS communication program helps you boost your enrollment to maximize your savings, including our participant FSA calculator to help your employees understand the savings an FSA provides. Additionally, as a thought leader in the industry, we frequently publish articles and feature Web forums on popular FSA topics.

To find out more about Ceridian Flexible Spending Account (FSA) administration services, contact us at 1-800-729-7655 or request more information today.

 

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• Health savings account coverage tops 6 million!
• The Limited Purpose Flexible Spending Account for HSAs
• Attention health care shoppers: Get wise and save up to 30 percent with an FSA

Related Tools

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