Flexible Spending Accounts

Flexible Spending Accounts (FSA) is a great way to pay for certain out-of-pocket health care costs tax-free, creating an instant savings of nearly 30% for the employee. FSAs are an IRS Code Section 125 Cafeteria Plan and allow for you to pay less in Social Security tax for every dollar of employee participation.

Patrick Payroll enables employees to participate in Flexible Spending Accounts via our online solution, with funds being placed in the chosen benefit accounts through salary reduction. Reimbursement for qualifying expenses has never been easier via our online system for Requests for Reimbursement, daily check processing, and direct deposit services.

Benefits for Employers

  • All fees included
  • Patrick Payroll substantiates Requests for Reimbursement
  • Transportation benefit available at no additional charge
  • No ties to insurance or employee benefit plan
  • Mirror-imaging of payroll for fast turnaround on reimbursements
  • Electronic transfer of Client funds to administrator
  • Audit guarantee

Benefits for Employees

  • Request for Reimbursement can be submitted via paper, fax, or online
  • 24-hour turnaround Direct Deposit reimbursement
  • Check account status instantly online or with our voice response system
  • Enroll at home with online enrollment
  • Debit card for real-time payments
  • Toll-free customer service with separate line for participants