Flexible Spending Accounts, offered by Pierce Group and administered by Interactive Medical Systems, are available to all permanent full-time employees. With an FSA, you save on a wide range of everyday medical, dental, vision, and day care expenses. Your contribution are pre-tax so you will not pay federal, state, and social security taxes on eligble expenses and therefore increase your take-home pay.
There are two types of plans offered, the Health Care Flexible Spending Account and the Dependent Day Care Flexible Spending Account. You can choose to have both types of accounts, but they operate independently of each other. The yearly max for the Health Care account is $2,550 and the yearly max for the Dependent Care account is $5,000.