“How do I know what purchases can be reimbursed through my FSA or HSA plan?” We’re glad you asked. Check out Health Shopper to find a comprehensive list of eligible expenses -you can even place an order right through the site!
A Defined Contribution is an option that can be added on to the Flex Advantage Plan, and is an effective and simple way for an employer to take control of employee benefit costs. The employer selects a set amount of money called a defined contribution that employees can use to enroll in any eligible group health insurance, ancillary insurance, or medical and dependent care reimbursement account. Any amount elected above the defined contribution is payroll deducted from the employee. By offering a Defined Contribution Plan, employers will be able to fix their employee benefits costs while providing a customizable health plan for each individual employee. Employers are no longer required to select a one-size fits all benefits plan for their employees. Download the Defined Contribution Employer Brochure Here.