Section 125 and Flexible Savings Accounts

There’s no doubt that healthcare has become a primary concern for employers and employees. Employers want new solutions and strategies to help reduce payments while keeping employees healthy and happy.

Sinclair Risk & Financial Management provides solutions that address this need, including health care Flexible Savings Accounts – employer-established benefit plans that reimburse employees for specified medical expenses as they are acquired.

Known as “cafeteria plans” or “125 plans”, the employee contributes funds to the account through a salary-reduction agreement and is able to withdraw the funds set aside to pay for medical bills. The funds in the flexible spending account escape both income tax and Social Security tax. Employers may contribute to these accounts as well.

Enhance the value of your benefits program.
Helping employees manage healthcare costs contributes to a company’s success. Give us a call at 203.265.0996, email us, or return the form on this page to discuss how we can bring tangible value to your Employee Benefits program.