Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs), and Health Savings Accounts (HSAs) are appealing and advantageous to employees by providing the opportunity to spend pre-tax dollars on known expenditures such as medical, dental, and dependent care. These features prove advantageous to employers because by providing an excellent benefit while incurring minimal cost.
SISCO’s FSA Services Include:
- Reimbursement services for multiple accounts with one low monthly fee
- No implementation or renewal fees
- “Auto-Rollover” – automatically files unreimbursed health plan expenses directly
- Weekly FSA reimbursements to coincide with the release of checks/EOBs
- Direct Deposit and Grace Period Extension with no annual or renewal fees
- Coordinated reimbursement across multiple accounts