Flexible spending accounts in DuBois and throughout Pennsylvania.

Health care can get expensive. We can enhance your employee benefits package with a Flexible Spending Account that helps your employees save money on everyday healthcare expenses.

While typical health care insurance can be very effective for many of your business’ employees, out-of-pocket medical expenses, such as deductibles and co-payments or dental charges, can still present serious financial challenges. In turn, that increases the risk of employees not seeking necessary treatment. This could lead to the potential worsening of health problems, which could leave some employees unable to work.

A flexible spending account (otherwise known as an FSA) is a way for employees (and employers if they chose) to put money aside specifically to pay for these out-of-pocket medical expenses.

This isn’t a typical investment, as the money doesn’t grow, but it is an effective way of managing money for a specific purpose.

The other big advantage is that money put in to the flexible spending account (FSA) isn’t taxable. This results in a reduction in the payroll taxes paid both by the employing business and the employees.

It’s important to note that any contribution from the employer is payable as a lump sum at the start of the year, and will be available to the employees even if the employee leaves the job. The employee pays their contributions to the flexible spending account (FSA) over the year in regular installments.

Do you think a flexible spending account (FSA) might help your employees cover out-of-pocket medical expenses? If so, contact our employee benefits team to get started.

Let’s discuss your flexible spending account.

One of our benefits advisors will reach out to you to review your information and present you with the appropriate flexible spending account solution. There’s no obligation, just good-old-fashioned advice.
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Foradora Insurance offers comprehensive flexible spending accounts in DuBois, Brockway, Brookville, Clearfield, Falls Creek, Penfield, Punxsutawney, Reynoldsville, Ridgway, Sykesville and other areas within Pennsylvania.