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FSA Employer Savings Calculator

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.

Flexible Spending Accounts

FSA participants
$
per participant

3,000

DCA participants
$
per participant

5,000

CRA participants
$
per participant

2,400

Total

10,400

x 7.65%

FICA Saved

796


Voluntary Benefit Premiums

Voluntary participants
$
per participant

2,700

Total

2,700

x 7.65%

FICA Saved

207


Health Insurance Premiums

Health participants
$
per participant

8,100

Total

8,100

x 7.65%

FICA Saved

620

Estimated Potential Annual FICA Savings:

1,622

Acronym Key

FSA: Healthcare Flexible Spending Account
DCA: Dependent Care Account
CRA: Commuter Reimbursement Account
FICA: Federal Insurance Contributions Act Tax