fsa ee er savings sheet - flexible benefit · 2015-06-11 · nothing’s better than a win-win...

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How Much Can You Save with an FSA from Flex? Nothing’s better than a win-win situation and that’s exactly what you’re in for with a Flexible Spending Account (FSA). Offering your employees a chance to save on their everyday health or dependent care expenses with an FSA also allows your company to save on corporate taxes. Sounds too good to be true? We have provided the following examples to give you an idea on the potential savings you and your employees may enjoy by participating in an FSA from Flexible Benefit Service Corporation (Flex). © Flexible Benefit Service Corporation. Without FSA With FSA $35,000 -$10,500 $24,500 -$2,000 $22,500 $35,000 -$2,000 $33,000 -$9,900 $23,100 Estimated tax rate (30%) Gross annual pay Net annual pay Annual healthcare expenses Final take-home pay Annual healthcare expenses Gross annual pay Adjusted gross pay Estimated tax rate (30%) Final take-home pay Potential Employee Savings Average Employee Contribution Per Year 30 Employees 10 Participating in the FSA 100 Employees 25 Participating in the FSA 250 Employees 60 Participating in the FSA 500 Employees 125 Participating in the FSA * This example illustrates 7.65% FICA tax savings on FSA elections $383 $765 $1,530 Potential Employer Savings on all FSA Elections $956 $1,913 $3,825 $2,295 $4,590 $9,180 $4,781 $9,562 $19,125 Employer Size $500 $1,000 $2,000 This employee would save $600 with an FSA! www.flexiblebenefit.com Learn More: 866-472-5351 [email protected]

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Page 1: FSA EE ER Savings Sheet - Flexible Benefit · 2015-06-11 · Nothing’s better than a win-win situation and that’s exactly what you’re in for with a Flexible Spending Account

How Much Can You Save with an FSA from Flex?

Nothing’s better than a win-win situation and that’s exactly what you’re in for with a Flexible Spending Account (FSA). O�ering your employees a chance to save on their everyday health or dependent care expenses with an FSA also allows your company to save on corporate taxes. Sounds too good to be true? We have provided the following examples to give you an idea on the potential savings you and your employees may enjoy by participating in an FSA from Flexible Bene�t Service Corporation (Flex).

© Flexible Bene�t Service Corporation.

Without FSA With FSA

$35,000

-$10,500

$24,500

-$2,000

$22,500

$35,000

-$2,000

$33,000

-$9,900

$23,100

Estimated tax rate (30%)

Gross annual pay

Net annual pay

Annual healthcare expenses Final take-home pay

Annual healthcare expenses

Gross annual pay

Adjusted gross pay

Estimated tax rate (30%) Final take-home pay

Potential Employee Savings

Average Employee Contribution Per Year

30 Employees10 Participating in the FSA

100 Employees25 Participating in the FSA

250 Employees60 Participating in the FSA

500 Employees125 Participating in the FSA

* This example illustrates 7.65% FICA tax savings on FSA elections

$383 $765 $1,530

Potential Employer Savings on all FSA Elections

$956 $1,913 $3,825

$2,295 $4,590 $9,180

$4,781 $9,562 $19,125

Employer Size $500 $1,000 $2,000

This employee would save $600 with an FSA!

www.flexiblebenefit.comLearn More:

866-472-5351 [email protected]