Flexible Spending Account
Professional Employer Organization (PEO)
Flexible Spending Accounts (FSA) are an important benefit included with the Paychex HR Solutions employee benefits option. 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.
Paychex HR Solutions 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
Paychex HR Solutions offers services to help you choose an appropriate health insurance plan for your company, with support through Paychex Insurance Agency's relationships with national and regional carriers.
Learn More
Health Care Reform Web Seminar
"Health Care Reform — What Employers Need to Know"
Learn details about the new health care reform law and find out what actions you need to take.
Learn More
Section 125 White Paper
"POPs, FSAs, HSAs, and HRAs: Understanding Your Options When Helping Employees Pay for Health Care"
Download our FREE white paper for information on a number of employer-provided benefits to help employees cover health care expenses.
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.
Professional employer organization (PEO) services are sold and provided by Paychex Business Solutions, Inc. (PBS) and its affiliates, which are registered and licensed as required to sell and provide PEO services, including in Florida. PBS FL license numbers are GL7, GM46, and GM14.
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