FSA Administration Solutions | Alerus RB

FSA Administration

A Flexible Spending Account (FSA), also known as a Section 125 Flexible Benefit Plan or Cafeteria Plan is a voluntary, tax-free way for employees to save for qualified medical, dental, vision or dependent care expenses during a plan year. Alerus Retirement and Benefits has been providing consulting and administration services for IRC Section 125 programs for over 25 years, including:

  • Premium-Only Plans
  • FSAs for:
    • Medical Expense Reimbursement
    • Dependent Care Expense Reimbursement
    • Limited-Purpose FSA for use in conjunction with an HSA
  • “True Cafeteria Plan”
  • Simple Cafeteria Plans | as authorized by the Patient Protection and Affordable Care Act

We offer a complete range of FSA administration services, including:

  • Plan Design
  • Plan Document Services
  • Plan Communication
  • Claims Adjudication
  • HSA/HRA Integration
  • Payroll Integration
  • Participant Debit Card
  • Quarterly Participant Statements
  • Plan Summary Reports
  • Annual Compliance Testing
  • 5500 Preparation
  • Participant Website | including claims submission option
  • Employer Website
  • Toll Free Fax Number

Key Factors of FSA Administration

Establishing a successful acceptance of the FSA plan by your employees requires an easily understood communications package. Alerus will provide a custom designed package to meet the specific needs of your employees, including:

  • Informational Brochure and Communication Materials
  • Enrollment Forms
  • Detailed Claim Submission Instructions
  • Welcome Letter

Whether it is in print, audio visual, or Internet based, the application process is an integral part of an effective plan implementation.

 
Home
Powered By Trabon Solutions©