A Flexible Spending Account is a great way to enhance your overall benefits package while reducing your overall costs. Did you know that FSA's will reduce your payroll tax liability? These plans allow employees to contribute funds pre-tax to use towards out of pocket medical expenses - reducing their costs by hundreds and sometimes thousands of dollars annually. As the employer, you will get a break on the matching FICA costs of your payroll. For more information on how an FSA can help you save money while providing an added benefit to your employees contact us at: inquiries@benefitsmgt.com.
