Flexible spending accounts (FSAs) and pre-tax premium plans (POPs) offer a number of significant advantages, in savings as well as benefit management. TAX SAVINGS Employee - contributions are paid with pre-tax earnings, lowering FICA, Federal and State income tax. Employer - FICA tax savings are significantly greater than administrative expenses for the plan, generating cost savings for employers. EMPLOYEE INVOLVEMENT Employees can control contributions and expenditures. ALTERNATIVE TO INSURANCE If a company does not provide insurance, or wishes to reduce insurance costs, flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) give employers an alternative for health insurance costs. EASY MANAGEMENT Benefit Managers Company handles all of the implementation, management, and reporting for both employees and the company.
		Benefit Managers Company is a member of the Employee Benefits Institute of America and Employers Council on Flexible Compensation. These products are not insurance plans, nor are they intended to replace insurance. All plans are compliant with tax codes of the United States Internal Revenue Service. Copyright © 2003 Benefit Managers Company, All Rights Reserved