FSA
Flexible Spending Account, or FSA, is an employee benefit that applies to healthcare and daycare dependent expenses. Comparative Solutions makes the management of FSA services for your employees simple and straightforward. Your HR team will not have to worry about form submissions, payment deadlines, calculating employee tax-free dollar subtractions, or answering queries from your staff members. We will handle the provisioning process of FSA benefits to your employees in complete compliance with the law.
As proof of costs incurred, employees will be requested to show payment receipts from hospitals, dental clinics, and daycares. Comparative Solutions will be responsible for the management and verification of these receipts. Our team will also keep you up to date with the latest changes to the FSA laws so that your business does not run into potential lawsuits and liability claims.
Note: eligibility criteria for employees to apply for an FSA is to be working with an employer who offers FSA benefits..