Flexible Spending Accounts
With Aflac, you can provide a competitive benefits package to help meet the diverse needs of your staff. Offering Flexible Spending Accounts (FSAs) can boost your package. When employees participate in FSAs, your overall share of Social Security (FICA) and Federal Unemployment Tax Act (FUTA) taxes may be reduced, which means savings for your business.
Employees can save as well. FSAs allow them to set aside pre-tax earnings for necessities—such as uncovered medical expenses and day care—thus reducing their taxable income. With the possibility of pre-tax savings, employees can choose to increase their take-home pay or add to their benefits plan.
To learn more, read our Flex One brochure.
Cafeteria/FSA plans and similar programs are not available in Puerto Rico because of tax code differences.
