Flexible spending accounts for your business

 

A flexible spending account (FSA) uses employee pre-tax dollars to pay for expenses not covered by insurance. This valuable added benefit can be implemented by an employer at minimal or no cost.

Some of the products and services covered by these plans include:

  • Day care
  • Deductibles
  • Co-payments
  • Eye exams
  • Glasses
  • Orthodontia
  • Prescription drugs
  • First aid
  • Most over-the-counter medications

    - Pain relievers
    - Antacids
    - Allergy relief
    - Cold products

With the use of mySourceCard®, employees pay the provider directly from their pre-tax accounts, virtually eliminating the need to complete claim forms and wait for the reimbursements. Tapping into the power of the MasterCard® payment platform, employees simply present their mySourceCard® at any qualifying merchant or provider location. With a swipe of the card, the provider is paid immediately for the services directly from the employee's benefit plan finds.

When using the mySourceCard®, employers report increased satisfaction and group participation. At Vicary Insurance Agency in Erie, Pennsylvania, we manage this system in-house, including all claims with your health and dental plans.

Let Vicary Insurance assist you in setting up a flexible spending account for your group. Our plans will save money for both you and your employees.