FSA - Flexible Spending Account

FSAs are an important part of a comprehensive employee benefits offering in recruiting and retaining employees. Your employees will appreciate the ability to use pretax dollars to fund eligible health care related expenses not covered by a health plans.

Establishing an FSA will help you save payroll and FICA tax savings, write off administrative costs as a normal business expense and help your workforce save money. Despite the benefits of an FSA, there’s a lot of recordkeeping involved in FSA administration. It takes a lot of staff time to review submitted, paid and denied claims, issue reimbursements and perform necessary discrimination testing.

Highlighted benefits of FSA Administration:

  • Dedicated account manager
  • Section 125 Cafeteria Plan documents
  • Online employee enrollment
  • Online nondiscrimination test
  • Debit cards
  • Online reimbursement request form
  • Two-day claim review
  • Online employer reports
  • Client and participant website and call center support
  • Certified Flexible Compensation (CFC) experts on staff
  • Direct deposit

Infinisource FSA Administration takes the burden of managing reimbursement issues for you, saving you time and increasing your employees' satisfaction. Contact us today on how you and your employees can reduce taxes and save with an Infinisource FSA Adminstration.

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Our FSA solution iFlex directly addresses the most common employer concerns

Employer Employee
  • Lower insurance premiums
  • Tax savings can pay for the plan
  • Enhance your benefits program
  • Complimentary open enrollment webinars to increase participation
  • Enhanced technology
  • Dedicated account manager with a direct to desk number
  • Employers may use forfeitures to offset reasonable administrative costs incurred during the plan year
  • 2 ½ month grace extension
  • Combine FSA accounts with HRA and HSA accounts
 
  • Health FSA funds are available at the start of the plan
  • Quickly and easily access funds with the Benny Card
  • Online account access to balances, claim status and history
  • Mobile application provides access to account balances
  • Secure online account access anytime
  • Direct deposit
  • Dependent care expenses
  • Significant tax savings
  • Easy claim submission
  • All claims are processed within two business days of receiving
  • Daily reimbursements
  • Online live chat
  • Online forms
  • Increase take-home pay
  • Participant web and phone support
 

The Infinisource Difference

Key Considerations When Selecting a Partner for FSA Administration Infinisource Other FSA Administrators
Two business day claim processing

 

 

Daily reimbursements

 

 

Complimentary web-based enrollment meetings

 

 

ERISA attorney on-staff

 

 

Advisor to the IRS on new acts/regulations

 

 

Nondiscrimination testing included

 

 

Dedicated account manager

 

 

Offer unlimited liability protection against errors

 

 

100% client satisfaction determined by monthly surveys

 

 

Online claim submission

 

 

iPhone/Anroid application access to your account

 

 

Service team available 8 a.m.-8 p.m., Monday-Thursday; 8 a.m.-6 p.m., Friday, ET

 

 

Infinisource FSA takes the burden of managing reimbursement issues for you, saving you time and increasing your employees' satisfaction.  Contact us today on how you and your employees can reduce taxes and save with an Infinisource FSA.

Infinisource is a leader in Benefits Administration, Workforce Management and Time solutions. Call 800-300-3838 to learn more about FSA Administration with iFlex.

For more FSA resources
and tools, visit our FSA Resource Center

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