How do you eliminate employee confusion with choosing between an FSA or an HSA?
Start with the basics by educating them on the benefits. Make it clear to your people that the plans can coexist conveniently with no extra work for them; gone are the days of carrying around multiple debit cards as the accounts can be easily linked and accessed instantaneously. And with our mobile app and innovative payment systems, transactions can be seen in real time and balance information can be accessed immediately, including any reimbursement payments, outstanding claims or e-receipts.
Provide more flexibility with Dependent Care FSAs
The flexibility of this reimbursement account doesn’t stop there. In addition to a limited purpose FSA, employees can also save tax dollars by enrolling in a Dependent Care FSA. Alight’s Dependent Care FSA administration solution allows pre-tax dollars to cover qualified child or adult daycare expenses, while actively working.
No matter your employees’ situation, an HSA-compatible FSA can help maximize their savings while providing flexible options to support their needs. Want to learn more about our reimbursement account solutions or how you can optimize your employees’ savings?