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.
Have questions ❓about your benefit options💬…Let us help you assess them today!