Flexible Benefits Administration
Under Internal Revenue Code Section 125, employers can adopt a plan to allow participants to set aside money into an FSA on a pre-tax basis to pay for qualified medical and dependent care expenses. Let our partners at BeneFlex help your company affordably implement a Flexible Spending Account program for your employees.

Employees can use pre-tax money for:
• Health Care
• Dependent Care
• Other Insurance Premiums
• Tricare
• Medicare Supplements
• Medicare Advantage
• Prescription Drug Plans
Any money employees elect to contribute to an FSA will lower their taxable income and your payroll taxes.

Premium Only Plans (POPs)
If a full blown FSA isn’t your cup of tea, a Premium Only Plan offers a way to reduce the cost of employee benefits by providing substantial tax savings to both the employee and the employer. POPs reduce payroll taxes on the premium contributions of participating employees. The plan saves money by converting premiums from an after-tax expense to a pre-tax expense. Qualified insurance premiums that can be converted to pre-tax expenses include health, dental, vision, group term life (up to $50,000), disability, as well as voluntary coverages. Exclusions include sole proprietors, 2% or more
shareholders in an S Corp, and partners within a partnership.
However, employees of these types of companies may participate. Employers receive tax savings on FICA, FUTA and SUTA taxes. Employees save on FICA, Federal and State taxes.