Create Tax-Saving Opportunities for You and Your Employees
Flexible spending accounts, or FSAs, will allow employers and employees to expand the tax-saving benefits of a premium only plan. They also enable companies to provide superior health care benefits, increasing employee satisfaction, and retention.
Flexible spending accounts allow your employees to set aside a portion of their paychecks for health care and dependent day care expenses before taxes are calculated. The more they take advantage of this benefit, the less you'll pay for payroll taxes, including Social Security and Medicare. Depending on your state, a flexible spending account program may also reduce the cost of your workers' compensation insurance.
Financial bloc partners with third parties to offer an additional service for business owners who look for alternative ways to help pay for health care cost with taxable benefits. These services are in addition and not related to your health plans services. We can help you find out which type of program will fit your individual or business needs.