Many employers have no idea just how much money they can save by offering a flexible spending account (FSA) as part of their employee benefit program. That’s where our FSA Employer Savings Calculator comes in, because it makes it easy to estimate the financial impact of implementing an FSA.
To estimate your own potential tax savings, simply enter the number of employees in your organization that are eligible to participate in the first text box. Next, just click outside the box and watch the remaining data fields populate!
A few notes before you get started:
- We realize each employer is different, and therefore each box can be edited. For example, if an employer does not offer a commuter reimbursement account (CRA), simply change the value in the first column (number of participants) to zero and recalculate.
- The middle column of data illustrates the estimated averages per participant. We have pre-populated this column with the averages we see most often, but these field can also be edited if you have access to these specific details about your group.