WEX ADP Marketplace

Let them know how to access the program, how to find what’s covered, what the limits are and the claiming and reimbursement processes. Lean on our direct bill solution to manage premium payments for individuals in your retiree population or those who are furloughed or on leave of absence. And if they have questions, our service experts will have the answers. We’ve created automated solutions that go to work for you by meeting every regulation. Your former employees can manage it all on their mobile app and our empathetic service experts will be there to support every step of the way. Encourage healthy behaviors through a variety of expenses designed to meet your team where they’re at in life.

Employers who encourage their employees to open a health savings account can benefit by potentially saving as much as 7.65 percent in employer tax costs. For example, if an employee puts $1,000 into an HSA, they can save taxes at their own marginal rate, and the client can save as much as $76.50 on those contributions. In addition to the financial wins, there is the additional win of getting the employees even more engaged in managing their health care expenses. Our clients have told us that employees who have an HDHP and an HSA are more likely to ask questions about the cost of health care services and far more likely to research the best value on those services. Health savings accounts were implemented in 2004 in the U.S. to provide a medical savings account for individuals who were enrolled in a high-deductible health plan, or HDHP.

Technology that empowers and Service teams that care

Our professional health and benefits insurance agents at Automatic Data Processing Insurance Agency, Inc. (ADPIA®) are here to help you understand your benefit options. We can explain more about how Consumer-Driven Accounts can help you save money, attract the best workers and keep your best employees. The total credit available depends on the employee’s adjusted gross income and the number of qualified dependents.

adp fsa

What is the “run-out” period?

LSAs can cover a broad range of topics and are highly customizable, which is crucial because well-being means different things to different people. Knowing what’s important to your employees means being able to create an LSA that appeals to your people in a targeted and personalized way. Read on to learn about the evolution of lifestyle benefits and how you can incorporate LSAs into your benefit offerings. You can create Lifestyle Spending Accounts customized to your unique benefit needs. From fitness and lifestyle programs to health and tuition, we’ll help you prioritize employee well-being.

Commonly asked questions about benefits

  • Check out this list of eligible expenses from the IRS to help you decide whether to enroll.
  • A flexible spending account is a pre-tax contribution plan that you can offer as a voluntary benefit.
  • Our investigators provide in-depth financial investigative case support from inception to sentencing with cases generally lasting several years.
  • As a subcontractor, our financial investigators follow the money and prepare evidence packages for federal agents to present for prosecution.
  • Plus, you’ll have access to deep insights that can help you understand changing employee preferences and advanced technology to adapt accordingly.

As a subcontractor, our financial investigators follow the money and prepare evidence packages for federal agents to present for prosecution. Plus, no more worries about carrying cash, checks or other credit cards or waiting to be reimbursed for out-of-pocket expenses. Remember your payment card and you can forget about the paperwork since your purchases will be recorded and, almost always, automatically verified.

Geroulo is also FSA’s Chief Ethics Officer and strongly believes in the corner stone of the company’s Ethics program, Integrity Always. Geroulo leads a diverse team that spans Contracts, Ethics, Human Capital Management, Information Technology, Knowledge Management, Operations Support, and Talent Acquisition. The team’s primary focus is strategic people-first initiatives and business process improvements. Geroulo currently sits on ADP’s People Analytics Executive Client Advisory Board. Your payment card is the fast, easy way to save on all kinds of everyday eligible health items. While benefits coverage is based on the ADP TotalSource Plan Year, deductible and OOP maximums are based on Calendar Year.

  • All insurance products will be offered and sold only through Automatic Data Processing Insurance Agency, Inc., its licensed agents or its licensed insurance partners.
  • I have been using an old HSA with a new FSA, however, and it has boosted my HSA balance, by allowing me to invest previously contributed funds (versus spending them on qualified medical expenses).
  • Read on to learn about the evolution of lifestyle benefits and how you can incorporate LSAs into your benefit offerings.
  • FSA plan participants can carry over up to $660 from 2025 to 2026 (20% of the $3,300 FSA maximum contribution for 2025), if their employer’s plan allows it.
  • HSAs, FSAs and HRAs all offer ways to pay for health care costs and save on taxes.

Health Savings Account (HSA)

If you go this route, you’ll need a system and a set of rules for the paperwork. Depending on your organization’s compliance needs, you might consider allowing employees to claim expenses or use the benefit without requiring detailed proof to make the benefit more accessible. HRAs help reduce employer tax liability and help employees cover the rising costs of healthcare. We’ve streamlined the way your employees will pay for their commute to and from work. We’ll set them up with monthly savings and a variety of convenient options to pay for their ride.

Benefit Resource, Inc., an Inspira Financial solution

Employers can contribute to an employee’s dependent care FSA if the written employer plan allows it. However, the combined pretax contributions between the employer and employee cannot exceed the IRS annual maximum. If, for example, you contributed $1,070 in 2025 and spent $400 during 2025 on qualified medical expenses, the unspent $670 could roll over from 2025 to 2026, if the employer plan allows it. If, for example, you contributed $1,040 in 2024 and spent $400 during 2024 on qualified medical expenses, the unspent $640 could roll over from 2024 to 2025, if the employer plan allows it. Chandler Terry has 16 years of finance and accounting experience in organizations serving public and private sectors.

Also, some plans may allow you to continue spending your FSA adp fsa dollars through a defined grace period or to carry over a portion of your remaining balance. So be sure to check the specific plan rules in your summary plan description (SPD). To do this, contact your HR department or ask for additional details from Optum Consumer Services. All this public dialogue has made me think a lot lately about the benefits of Health Savings Accounts (HSAs) — so much so, in fact, that I wanted to share with you why I think they are a win-win-win for businesses and their employees. These are only some examples of how employers are using LSAs to support employees’ needs, and they’re constantly evolving.

It can be to your advantage to stay flexible and adjust your LSA offerings as trends change. Clarity Benefit Solutions integrates with ADP Workforce Now® and ADP TotalSource® to extract payroll information in order to retrieve demographic, enrollment, and contribution data for employee accounts. The data is being pulled from ADP in a batches every hour.Learn more about the data connector here. We put all of their benefits on one card backed by intuitive technology that pulls money from the appropriate plan. Participants can obtain additional cards for themselves or their family. Keep in mind that an employer is not required to provide retirement or group health plans.

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The employer decides who’s eligible to participate, what the allowance will be, what the eligible expenses are, what documentation or proof of purchase is required and how employees will be reimbursed. COBRA compliance can be complex, confusing, and completely tedious to administer. Clarity’s COBRA software solution offers proven best practices to help employers mitigate risk, contain health care expenses and relieve their administrative workload.

Previously, Terry served for five years as a director of finance at Amentum, where he was responsible for federal government IT and facilities services portfolios with revenues of more than $200 million. In that role, he supervised a team of 15 and managed program finances for multiple contract types with Service Contract Act and union employees. He established his career at General Electric, working for 11 years in positions of increasing responsibility and departed as a senior finance manager. It can be hard to pinpoint how much money the average employer contributes to their employees with LSA benefits.