Tax-free purchases for medical and dependent care expenses.

A Flexible Spending Account (FSA) is an IRS-approved plan to allow your employees to save money on qualified medical and dependent care expenses. FBMC’s PremierFSA offers employees the ability elect to have a specified dollar amount set aside in a tax-advantaged account on a per payroll basis. Employers may elect to contribute to the plan but it is not required. They can then be reimbursed for qualified expenses via direct deposit, debit card or by check.

• • Plan design options and recommendations
  • Brokerage and consulting services
  • Pre and post tax voluntary benefits
  • Prepare, distribute and evaluate request for Proposals
  
  
• - Experienced Account Management
• • Experienced Account Manager is assigned
  • Toll-free access for employer's staff
  • Client report package
  
  
• - Enrollment and Fulfillment
• - Internet or Paper Enrollment
• • Internet or paper enrollment
  • On-site group meetings
  • Employee election information exchanged
  • Confirmation packages sent to participants
  
  
• - Award winning Benefit Enrollment Materials
• • Award winning electronic or printed enrollment and communication material
  • Standard or customized materials
  • Enrollment booklets, flyers, newsletters
  • Employer schedules and announcements
  
  
• - Deduction Management
• • Payroll contributions via ACH, wire, check
  • Reconciliation of contributions and posting to customer accounts
  • Discrepancy reporting, full reconciliation and posting contributions
  
  
• - Excellent Customer Service
• • Toll-free bilingual Representatives M–F, 7am to 10pm ET
  • Open Enrollment, New Hire, Change in Status support
  • 24/7 secure internet and IVR Self-service access
  • Account Information, Forms, Instructions, FAQs
  
  
• - Medical & Dependent Care Claim adjudication
• - Flexible plan design options
• - Implementation strategy recommendations
• - IRS-compliant Administration
• • Standard or customized plan documents
  • Regulatory updates
  • HIPAA Certificates
  • Discrimination testing
  
  
• - FICA savings to Employer and Employee