$99 Medical Expense Reimbursement FSA Plan

Medical Flexible Spending Account (FSA)
This module of the Cafeteria Plan allows employees to use pre-tax dollars to pay medical bills not covered by their insurance. Usually offered in conjunction with a Section 125 POP, the Medical FSA is a budgeting tool that can help take care of out-of-pocket expenses such as: dental, optical care, deductibles, co-pays, and prescription drugs. Like a Section 125 POP, a Medical FSA helps pay for itself by increasing employee take-home pay while decreasing employer payroll taxes. Here's how it works:

  • An employee decides how much of their salary should be set aside before taxes are calculated.
  • This amount is automatically deducted from their paycheck every pay period, just like any other payroll deduction, and is deposited into their FSA account.
  • The employees would pay their out-of-pocket expenses upfront, then submit a claim and documentation and a reimbursement is made from their own account.

Out-of-pocket expenses include:

Eyeglasses and contact lenses

Medical insurance deductibles

Prescriptions

Co-payments

Orthodontia

Chiropractic services

Dental treatments

X-ray and laboratory services

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Questions? Call 1-888-755-3373