ESSENTIALS

Health FSA

Everyone has medical expenses. Help take the load off. 

Health flexible spending accounts, or FSAs, allow  employees to contribute pre-tax money to cover eligible medical, dental, and vision expenses for themselves, their spouse, or their dependents. 

 

Not only do FSAs save employees on income taxes, but they also save your company big on payroll taxes.

 

Sound like a win-win? Take a look at why top companies choose Benepass to administer their FSAs.

Employees can elect up to $2,750 per year in pre-tax money for eligible medical, dental, and vision expenses. 

How it works

The amount is immediately available to spend on a Benepass card. The election is deducted from their biweekly or semimonthly paycheck ratably throughout the year.

Benepass tracks and validates spending and tracks receipts per IRS rules. At the end of the year, up to $550 of unused funds can roll over to the next plan year.

Help employees combat rising healthcare costs

Healthcare costs can add up quickly. Allow employees to put pre-tax money towards eligible medical expenses and reduce their out-of-pocket costs.

Let us handle the compliance.

To meet IRS requirements, we have your employees share receipts to ensure funds were spent on FSA-eligible expenses. We’ll track employees’ claims for you, so you can get back to focusing on your business.

All on one card

Your employees can use their physical or virtual Benepass card to cover any out-of-pocket medical expenses. Plus, our user-friendly mobile app lets them check remaining balances and eligible merchants on the go. 

Eligible FSA expenses include:

MEDICAL
  • Co-pays and deductibles

  • Prescription medicine

  • Over the counter medication

  • Mental health and drug counseling

  • Menstrual products

  • Family planning

  • and more!

VISION
  • Copays and deductibles

  • Prescription glasses and sunglasses

  • Contact lenses and lens care products

  • Eye exams

  • Corrective vision procedures

  • and more!

DENTAL
  • Copays and deductibles

  • Preventative cleanings and services

  • Fillings, crowns, bonding, caps

  • Implants and dentures

  • Oral surgery

  • Periodontics

  • and more!

Want to support working parents?

Benepass also offers Dependent Care Flexible Spending Accounts!

Get started with Benepass at $0 incremental cost!

Employees save on income taxes, and your company saves on payroll taxes. Or it's free!

Sign-up takes 5 minutes.

Benepass_Logo_White.png

Company

About Us

 

Contact Us:

info@getbenepass.com

(917) 540-2391

© 2020 by Benepass, Inc.