Industry News

Could an FSA offer the benefits flexibility you need?

Nov 16, 2017 | News

When shopping for employee benefits to offer, many companies seek options that are flexible. One has that word built right into its name: the Flexible Spending Account (FSA). Employees can use a health care FSA to pay for qualifying medical costs with pretax dollars, and employers don’t have to establish a high-deductible health plan to offer one. The catch? Participants generally must forfeit any unused balances after year end unless the FSA includes a grace period of up to 2½ months or a $500 carryover. Let us help you assess your benefits options.