Best Practices: Flexible Spending Accounts
Similar to many other U.S. companies, Ceridian offers an FSA benefit to help our company and our employees mitigate rising health care costs. Over the last decade, Ceridian has made efforts to both simplify and promote the advantages of participating in FSAs. Recognizing that maximum benefit comes only from maximum participation, we have used a variety of best practices and business processes to improve our FSA participation. The result has been a steady rise in our FSA usage to what is an industry-leading FSA participation rate of more than 40 percent.This best practices case study describes how we made our Flexible Spending Account program one of the most popular and successful employee benefit programs in the industry, with leading participation and above average employee contribution rates.
How Ceridian doubled FSA participation and election amounts among its employees
fsa_best_practices.pdf (2.031 Mb)
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