Employer Administered FSA

Here’s an affordable way for you to provide a valuable benefit to your employees and enjoy substantial savings for your company. Designed specifically to benefit the small employer, the Employer Administered FSA follows a format that makes it inexpensive to implement and easy to administer. The Employer Administered FSA reduces the cost of designing a flexible benefits plan and is a less expensive alternative to third party flex administration. It puts the tax savings advantages of the most popular flexible benefit plans in the hands of any business.

With an Employer Administered FSA from Ceridian you can:

• Increase you employee’s take-home-pay
• Make your health care more affordable
• Help your employees reduce the cost of dependent care
• Reduce your payroll related taxes

The Employer Administered FSA is:

Complete…
There’s no need for plan design consulting, administrative services to the expense associated with them. Each Administrative Kit includes plan documents that meet all requirements of the Internal Revenue Code (IRC) for flexible benefit plans. Ceridian ensures that your documents are in compliance with current regulations.

Easily administered…
Self-administering the plan doesn’t just “carve out” third part administration, it makes administration, it makes administration as easy as 1-2-3 with:

• Step-by-step instructions written for the flex plan novice.
• Complete enrollment materials, summary plan descriptions, claim forms and ledgers.
• Administrative software on CD-ROM for those who want to automate the plan.

A great value…
Employers implementing an Employer Administered FSA can realize a dramatic return on their investment in the form of tax savings, employee goodwill and employee tax savings. Refer to the tax savings worksheet in this guide to see how much your company and your employees can save with the Employer Administered FSA plan. The annual renewal and update service fee of $300 can be offset in the first two months of each subsequent year.

Frequently Asked Questions for Flexible Spending Account (FSA)

• What is eligible for reimbursement under the Health Care FSA?
• If I don’t have any medical insurance through my company, can I still participate in the Health Care FSA?
• Can I use my Health Care FSA for my family’s expenses?
• What if I itemize my health expenses on my tax returns?
• What if I have money left in my account near the end of the year?
• Where does the money in my account come from?
• What kind of savings can I realize by participating in this plan?
• When will I get paid?
• Can I submit expenses I incurred before the beginning of the plan year?
• What happens if there is money left in my account at the end of the year and I have no more reimbursable expenses?
• Can I change the amount of my election in the FSA program during the plan year?
• When I participate in an FSA, will my Social Security benefits be reduced when I retire?
• If I have a question about my account, who should I call?
• Am I eligible to enroll in the Dependent Care FSA?
• Who is an eligible dependent?
• What expense are eligible for reimbursement under the Dependent Care FSA?
• What expenses are not eligible for reimbursement?
• Can I pay my in-home daycare provider through the Dependent Care FSA?
• My dependent care provider doesn’t claim the income as earnings. Can I use the dependent care account?
• My ex-spouse claims our child as deduction for tax purposes, but I pay for childcare. Can I use Dependent Care FSA?
• Can I use both the Dependent Care FSA and the federal Child and Dependent Care Credit