Welcome to Benefit Alternatives, Inc.

Benefit Alternatives, Inc. can introduce you to the tax-advantaged employee benefit plan known as a Flexible Spending Accounts FSAs), which are sometimes referred to as Section 125 Cafeteria Plans.

FSA´s are a great way to increase your take-home pay by placing pre-tax income to an account designed to pay for qualified expenses such as healthcare and daycare, items that you would normally pay for using after tax income. This type of plan allows participants to pay for the cost of payroll deducted group health premiums and non-reimbursed or medical care expenses with pre-tax dollars.

It´s quite simple: each year you redirect a portion of your income to your FSA plan. What´s the benefit, you might ask? Since the funds come out pre-tax, you save money by filling the account in a way that doesn´t cause you have to spend your net income. Also, money deducted from an employee's pay into an FSA is not subject to payroll taxes, resulting in a substantial payroll tax savings.

In addition to the FSA employee participation program mentioned, Benefit Alternatives, Inc. offers employers Health Reimbursement Accounts (HRA).This type of plan allows employers to contribute monies that would be used to offset the expenses of employee healthcare. The employer places an arranged amount for each participating employee for expenses such as co-pays, co-insurance, deductibles and services that may not be covered by the company´s selected insurance plan.

Benefit Alternatives, Inc. also offers 401(k) Plans and Profit Sharing Plans. Our services are delivered nationwide. If you would like to request more information or would like to schedule a consultation, contact us at 770-993-8683 or toll-free at 866-323-2363.