Flexible Spending Accounts (FSAs)

Offering a Flexible Spending Account (FSA) is not only a great way to help your employees increase their take-home pay but also decrease your company’s payroll tax liability. At P&A, our experience and resources makes the process quicker and easier for everyone involved. Your HR staff will have access to a dedicated account manager, an online portal to manage employee changes, on-demand reports, free open online enrollment, IVR, an in-house ESIRA attorney, and more.

Meanwhile, your employees will enjoy online account management, a hassle-free debit card, and helpful customer service. By maximizing employee participation, we can help increase your FICA savings to provide a real ROI for our services.

We offer the following types of FSAs for your employees:

Health FSA

Stretches your employees’ dollars for medical, dental and, vision, and childcare expenses that are not covered, or only partially covered by insurance.

Limited-Purpose Health FSA

If you provide your employees with a high-deductible health plan (HDHP) with a Health Savings Account (HSA), you can offer this type of FSA.  As opposed to a standard Health FSA, a Limited-Purpose Health FSA is compatible with an HSA plan because it reimburses only expenses that are not eligible under the HDHP, such as dental and vision expenses.

Dependent Care Assistance Account

Helps offset the cost of day care, after-school, or elder care programs for your qualified dependents.

Individual Premium Reimbursement Account

This program allows your employees to use pre-tax dollars to pay for non-employer sponsored dental and vision insurance premiums. Insurance premiums purchased through an exchange are not eligible expenses. 

Adoption Assistance Account

Your employees receive reimbursement for reasonable and necessary expenses that they incur in the process of legally adopting an eligible child.

To learn more about FSAs for your company, submit a contact us request to discuss your needs. If you’re a current client, log in to your HR Connect to manage your account.

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*For New Jersey taxpayers, the New Jersey state income tax will apply to money withheld from pay for any benefits that an employee elects. For a Pennsylvania taxpayer, the Pennsylvania state income tax will apply to money withheld from pay for Dependent Care Assistance benefits that are elected.