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Spending Accounts
An efficient, cost-effective outsourcing solution that helps employees offset rising healthcare and dependent care expenses.
Spending Accounts are among the leading employer-sponsored benefit programs that provide a significant tax savings to both employees and employers. Offering a spending account reimbursement program enhances the employee benefits package, which attracts and retains motivated employees.
Acclaim Benefits has administered spending accounts since 1983. Our experience and expertise allow us to provide a comprehensive menu of recordkeeping and administration services necessary to make your program a success.
We provide flexible administrative solutions for the following spending account types:
Flexible Spending Account (FSA) - Healthcare |
Flexible Spending Account (FSA) - Dependent Care |
Health Reimbursement Arrangement (HRA) |
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Healthcare FSAs allow participants to set aside money on a pre-tax basis to pay for qualifying healthcare expenses. |
Dependent Care FSAs allow participants to set aside money on a pre-tax basis to pay for qualifying dependent care expenses. |
An HRA is an individual healthcare reimbursement account with a fixed annual amount for each covered employee. |
We take the administrative hassle out of offering an FSA or HRA plan and simplify the process by managing all aspects of administration, including: enrollment, claims processing, government reporting, compliance, and ongoing participant and employer services.