Flexible Spending Account (FSA)

Set aside tax-free money for health expenses

Quick Navigation

Overview & Eligibility

Employees who enroll in a flexible spending account (FSA) can experience tax savings on eligible expenses such as copays, deductibles, prescriptions, over-the-counter medicine, and thousands of other health items. Generally speaking, a health FSA should be offered only to employees who are also eligible to participate in the employer's major medical plan. Employers with a major medical or group health plan can offer an FSA to their employees. It’s also important to note that, unlike health savings accounts, employers are not required to offer a high deductible health plan (HDHP) in order to offer an FSA. For an in-depth look at FSAs, check out our Ultimate FSA Guide

2025

Contribution Limit: $3,300

This is the maximum amount that can be contributed to an FSA each year per the IRS.

Carryover: $660

The Value for Employees

Save on Eligible Expenses

Employees can save up to 40% on thousands of eligible everyday expenses such as prescriptions, doctor’s visits, dental services, glasses, over-the-counter medicines, and copays.

Keep More Money

Every dollar an employee contributes to an FSA lowers their taxable income. Let’s say an employee earns $40,000 a year and contributes $1,500 to an FSA. That means only $38,500 of their income gets taxed.

Easy Spending and Account Management

Employees will receive an Ameriflex Debit Mastercard® linked to their FSA. Employees can use their card for eligible purchases everywhere Mastercard® is accepted. Account information can be securely accessed 24/7 online and through the mobile app.

The Value for Employers

Cost Savings

Since contributions to FSAs are taken out pre-tax, no payroll taxes are due on the amounts employees contribute to the FSA.

Employee Engagement

Nearly one-fourth of U.S. adults say they have problems paying medical bills. Helping employees save money on their everyday medical expenses can aid in employee retention and recruitment.

Expert Support

Healthcare is complicated. The Ameriflex Client Relationship Team is eager to answer questions and provide assistance. Our Net Promoter Score (NPS) far exceeds the healthcare average.

This scenario assumes the following:

Number of Eligible Employees: 50
Average Salary Per Employee: $50,000/year
Average Premium Paid Per Employee: $900/year
Average FSA Contribution: $2,000/year
Percent Expected to Enroll in FSA: 20%

FSA Guarantee

If employees spend more than they contribute, resulting in a net aggregate loss in the employer’s plan, Ameriflex will refund the difference back to the employer.

Card Swipe Guarantee

One-of-a-kind in the industry, the Card Swipe Guarantee is a feature offered to all FSA and HRA customers where we will take on the compliance liability around documentation. Our advanced technology allows us to ensure that participants’ FSA and HRA-eligible card transactions will go through without requiring them to submit further documentation.

MyPlanConnect

MyPlanConnect connects an employee’s FSA transactions with their insurance Explanation of Benefits (EOB). If the card transaction matches the employee’s EOB, MyPlanConnect will prepare the claim and allow the employee to request reimbursement without the need to submit additional documentation.

Looking for information about your benefits?

Check out our Help Center

Help Center