Infinisource Releases New FSA Tools for Employers and Participants

CHARLOTTE, N.C., Sept. 30, 2015 /PRNewswire/ -- Infinisource has enhanced its support for its Health and Dependent Care Flexible Spending Account (FSA) solutions to help employers prepare for the busy FSA enrollment season. The user-friendly FSA Resource Center provides tools and tips for employers and their employees as they navigate both the enrollment choice and how best to use the benefit after they enroll.   

Visitors to the FSA Resource Center will find separate areas for Participants and Employers. Each contains its own Video Library, Guides & FAQs and Savings Tools.

FSA Support for Participants

The Participants Video Library contains a dozen brief tutorials covering the various administrative procedures for maintaining and using individual accounts. Participants Guides & FAQs includes about 40 downloadable documents organized by categories: Using the Online Portal, Using Your Benny Card, iFlex Mobile App, Fringe Benefit Plan Information and Miscellaneous Documents.

Participants Savings Tools features an FSA Employee Savings Calculator that can compute the savings that would be realized by utilizing a flexible spending account. By plugging in information about wages/deductions, FICA tax percentages, estimated annual medical expenses and anticipated contributions, the calculator instantly shows estimated earnings and deductions with and without FSA participation.

FSA Support for Employers

The tutorials in the Employers Video Library elaborate on such topics as Importing Data, Managing Employee Edits and the Online Portal Guide. Topics in the Employers Guides & FAQs section include: Fringe Benefit Reports Guide, Employer Portal Quick Guide, Safe Senders List Guide, Employer Online Enrollment, Limited FSA and 2015 Limits.

The Employers Savings Tools section provides an FSA Employer Savings Calculator that enables employers to estimate the potential savings from offering Flexible Spending Accounts to their employees. By entering such data as the Number of Eligible Employees, Current Total of Premiums Paid, and Contribution Percentages, employers can automatically compute their estimated tax savings for the first year and renewal.

About Infinisource

Infinisource transforms the way organizations manage their most important asset — their people. By combining revolutionary SaaS technology and expert services, Infinisource delivers comprehensive, scalable, and high-value outcomes that give customers a significant business advantage over those who do not take advantage of the company's powerful solutions.

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SOURCE Infinisource

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