Each year, millions of employees across the country enroll in a Flexible Spending Account (FSA) plan - and it's easy to see why. When you participate in an FSA, you elect to have pre-tax contributions deducted from your gross earnings each pay period - up to $2,600 per year. This means you do not pay federal income taxes or social security taxes on the amount that you elect to contribute to your FSA.
Almost everyone spends money each year, out-of-pocket, for routine medical expenses: an FSA can help you keep more of that money in your pocket.Learn More
A Health Savings Account (HSA) is a tax-advantaged account into which employees, employers, or both can deposit money to be used for current or future healthcare expenses. HSAs must be used in conjunction with a high deductible health insurance plan (HDHP). HSA participants enjoy triple tax savings: funds are deposited pre-tax, funds grow tax-deferred, and funds can be withdrawn tax-free when used to pay for qualified expenses. Unlike the FSA, unused money in the HSA isn't forfeited at the end of the year, so savings can accumulate year-to-year.Learn More
With an HRA, employers fund individual reimbursement accounts for their employees and define what those funds can be used for (e.g. specified out-of-pocket expenses such as deductibles and co-pays).Learn More
A Commuter Reimbursement Account (CRA) is a type of account where employees can set aside pre-tax dollars that can be used to pay for eligible transportation and parking expenses.Learn More
The MyAmeriflex Card provides you with easy access to the funds in your employee benefits account. If you already have an MyAmeriflex Card, you can log in to the MyAmeriflex Portal to manage your account.Learn More