Their customized FlexCard debit card makes payment simple for medical, dental, vision, and many other related costs, including copays. When your employees set aside pre-tax dollars for eligible health care expenses, it reduces your company’s liability for FICA, federal unemployment, and Workers Compensation taxes, thereby saving you money. Employees must be enrolled in a high-deductible health plan to make contributions.
HSAs provide your employees with a number of benefits. Their contributions are pre-tax, reducing their personal taxes both at time of contribution and year end. They also save on out-of-pocket expenses. Employees may contribute annually up to $3,650 as an individual and $7,300 as a family and unused funds roll over from year to year. Funds also may be invested and monitored through our online portal, earning employees additional financial rewards.
HSA funds are deposited in a branded debit card account for ease of use. With a quick swipe of their card they easily cover many out-of-pocket expenses, including deductibles, copays, prescription and many OTC drugs, dental, vision, and many others. FlexCard also provides additional discounts for products, such as prescription, through our industry-leading partnerships.
- Wide range of covered expenses*
- Tax savings for company and employees
- Integrated investment platform
- Additional $1,000 contribution for over 55
- Exclusive pharmacy discounts
- Funds roll over year-to-year
- Portability for job change
- Employer contribution option
- Customized cards and portal
- Mobile app and digital wallet
* As determined by the IRS section 213D
