Even with insurance coverage, health-related costs can become a burden. When you offer cafeteria/flexible spending account plans to your employees, you can help to cover necessary expenses that are out-of-pocket or just aren’t typically covered by insurance. These expenses include deductibles, the cost of diabetes equipment, over-the-counter drugs, and first aid kits.
Cafeteria/flexible spending account plans cover the cost of necessary medical expenses while simultaneously offering tax benefits to participants. In addition, flexible spending accounts can be established for dependent care costs. Contact Nahai Insurance Services today to custom tailor a flexible spending account option that meets the unique needs of your team.
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