Employee well-being first, second and third

HSAs allow your employees to set aside pre-tax dollars for eligible healthcare expenses, while reducing your FICA and federal unemployment tax liability. Unused funds carry over year to year and your employees can invest what they don’t spend, enabling them to build a nest egg for the future.

With a healthcare FSA, your employees can pay for eligible healthcare expenses on a pre-tax basis, which reduces the amount paid for federal income tax, FICA tax and, as applicable, their state income taxes. Healthcare FSAs cover an extensive list of eligible, reimbursable expenses, as defined by IRS Code Section 213(d).

Dependent care FSAs (DCAs) give your employees the ability to pay for work-related dependent care expenses with pretax dollars, which allows them to save on federal income tax, FICA tax and, as applicable, their state income taxes. DCAs may even provide your employees more tax advantages than the federal income tax credit

With a Commuter Account, your employees can set aside pre-tax dollars for mass transit and parking expenses associated with their daily commute to work. On average, participants enjoy a 30% tax savings on their annual contribution. This means that you can help them save up to $1,000 per year.*

The limited-purpose FSA is designed to complement the HSA and may be established to pay for eligible vision and dental expenses.

myFlexSpend enables smart investing decisions by providing tools to monitor performance metrics and frequently traded stocks and ETFs. Your employees can start investing with a minimum cash balance of $1000 and fractional shares allows them to invest in high profile brands with as little as $5.

Keep employees engaged and informed about their account with a real-time administration platform that automatically sends event-triggered alerts and notifications via text and email including when eligible purchases are made with the card or reimbursement requests.

With a convenient self-directed mutual fund, HSA investment options your employees can seamlessly control online transfers between investment account and a HSA cash account. They will also have online access to account history, fund performance, statements, portfolio re-allocation and planning tools.

Employees will have constant access to powerful self-service capabilities and convenient anytime, anywhere access to view real-time balances and transactions, submit claims, access plan details and view important account alerts.