Flexible Spending Account
Flexible Spending Accounts (FSA) are an important benefit included with Paychex Business Solutions (PBS). An FSA helps employees pay qualified expenses not covered by your company's benefit plans.
As a pretax benefit, it’s also a powerful tax savings tool. Participants designate a portion of their pretax salary to be deposited into the plan, effectively reducing their taxable income. PBS also passes on payroll tax savings to your business from reductions in social security (FICA) liability.*
An FSA can be used to pay for medical, dental, and dependent care expenses, including co-payments, deductibles, and even some over-the-counter medication.
We can integrate your FSA with PBS payroll to automate your employees' pretax deductions.
PBS helps you establish and administer your company's FSA. We process claims daily, and provide the legal documentation, compliance testing, and status reports to keep your employees' accounts running smoothly.
Optional services include:
- Direct deposit of reimbursement funds into employees' bank accounts.
- Check signing and mailing of reimbursement checks directly to employees' homes.
- A Paychex FSA Debit Card that can help increase employee enrollment and utilization.
Participants can submit expense claims through our secure website, or by mail, and have reimbursements made directly from their accounts. We also provide a toll-free FSA support line.
Our FSA plans include a POP. This plan allows participants to pay their health plan premiums on a pretax basis, while reducing your payroll taxes. Learn more.
For more about Paychex FSAs, please view our demonstration.
Health Insurance
PBS offers services to help you choose an appropriate health insurance plan for your company, with support through Paychex' relationships with national and regional carriers.
Learn More
For more information about our products and services, please contact a Paychex representative at 800-322-7292, Monday through Friday from 8:00 a.m. to 8:00 p.m. ET. Or, complete our online form for a no-obligation quote.
* For applicable state legislation, consult your tax advisor.
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"The Paychex FSA provides […] a benefit which creates happier employees — employees that are loyal, responsible assets to an organization."
– Jeff Morris,
The Cut & Color Room
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For more information about our products and services, contact a Paychex representative:
800-322-7292
Monday - Friday
8:00 a.m. - 8:00 p.m. ET
Online Form
Paychex Business Solutions
is available in these states:
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