Flexible spending accounts (FSAs) and transportation accounts help your employees save on taxes and budget and pay for health care, dependent care and commuter costs. And, they save you money in payroll taxes.
Benefits for you and your employees
An FSA can add value to your existing benefits package, helping you attract and retain employees and empower employees to make smart spending decisions.
FSA programs can lower your FICA taxes on employee payroll and possibly what you pay for other benefits plans, such as workers' compensation and disability, that are based on employees' taxable income.
Savings example
An employee elects to have $100 withheld from every biweekly paycheck and deposited into his or her FSA.
|
Employee saves |
Employer saves |
| Federal income tax – 25% |
$25.00 |
$0.00 |
| State income tax – 5% |
$ 5.00 |
$0.00 |
| FICA |
$ 5.65* |
$7.65 |
| Tax savings every paycheck |
$ 35.65 |
$7.65 |
| Tax savings annually (26 pay periods) |
$926.90 |
$198.90 |
*For 2011, FICA rate was reduced to 5.65% for employees. Employer rate remains 7.65%.
Additional benefits for you and your employees include:
- Reduced administration — Plan participants can manage key aspects of their accounts online and enjoy the convenience of our simple claims and reimbursement process.
- Flexibility — We will work with you to customize your FSAs and transportation accounts to best meet your business objectives and your employees' needs.
Add an OptumHealth FSA to your benefit plan
Call 1-866-427-6804 or e-mail engage@optumhealth.com to reach an employer relations representative.
Hypothetical example is presented strictly for educational purposes and doesn’t include other potential factors, such as pretax contributions to a qualified retirement plan, mortgage or other deductions.
We can administer your FSA program from start to finish. 
Customers: Call 1-877-365-7923 to reach a customer care professional.
