Reimbursement Accounts

Flexible spending accounts (FSA’s) are a popular benefit that enables your employees to pay for out-of-pocket health care and dependent care expenses with pre-tax dollars. Health reimbursement arrangements (HRA's) and Health Savings Accounts (HSA’s) provide employers with an excellent opportunity to introduce defined contribution health care strategies that promote cost conscious health care decisions. To keep these benefits from becoming your headache, you need a simple, efficient, accurate process for administering the programs. Flex Compensation has the solution.

We can administer your company's reimbursement account plans in a way that works best for you. We set up an administrative process that addresses your time frame and requirements. We make sure that legal requirements are met and that discrimination testing is done. Our knowledgeable benefit administrators adjudicate claims in an accurate and timely manner. And we answer questions, from both you and your employees, the first time you call without complicated call centers and frustrating hold times. We also offer both you and your employees access to all the information and service you need through our web site.

To administer your plans, we can provide an electronic interface between our system and yours, eliminating unnecessary paperwork and errors. By automating the process, we provide accurate, timely administration, and ensure efficient control of your reimbursement account benefit programs. To make the process convenient for your employees, we offer direct deposit, the Benny Card, the ability to FAX claims, and email alternatives to paper.

In short, we can help you enjoy the benefits of reimbursement accounts as much as your employees do.