|
Employees save
25% to 40%
Enrollment System
Consumer-directed health accounts
Child dependent
care accounts
Elder care & adult daycare accounts
Adoption assistance accounts
Commuter benefit accounts
Premium Only Plans
Advantages to Employers
Administrative Tools
|
|
Employer savings with take care |
|
|
Without
an
FSA Plan |
With
an
FSA Plan |
|
Annual
payroll |
$ |
300,000 |
$ |
300,000 |
|
Employee-paid
premiums |
|
0 |
|
-24,000 |
|
Health care expenses |
|
0 |
|
-3,000 |
|
Dependent daycare expenses |
|
0 |
|
-10,000 |
|
Taxable payroll |
$ |
300,000 |
$ |
263,000 |
|
FICA tax (7.65%) |
$ |
22,950 |
$ |
20,120 |
|
Savings |
$ |
0 |
$ |
2,830 |
Employee-paid premiums are based on ten employees contributing $200 per month to the cost of their health insurance.
Unreimbursed health care expenses are based on four employees contributing an average of $62.50 per month.
Dependent daycare expenses are based on two employees contributing an average of $417.00 per month.
Back to Advantages to employers.
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