Human Capital Management

Section 125 Benefits

Part of the Internal Revenue Code and passed by U.S. Congress, Section 125 is designed to make employee benefit programs more affordable by enabling employees to convert taxable cash benefits such as their salaries into nontaxable benefits. Section 125 is seen as a boon for employers and employees, helping maximize savings by as much as 40 percent for employers.

health savings account

BeneFinder’s leading-edge Benefits Administration capabilities enable companies to streamline and manage their employee processes from recruitment to retirement. Our platform easily delineates employee classes and benefit classes.

Health Savings Accounts & Health Reimbursement Arrangements Administration​

With Health Savings Accounts (HSA) and Health Reimbursement Arrangements (HRA), companies can offer their employees more choices and better benefits per dollar. Health Savings Accounts and Health Reimbursement Arrangements let employees see their biggest spending categories to make better-informed health-care decisions. BeneFinder’s Health Savings Account and Health Reimbursement Arrangement solution enables companies to list HSAs and HRAs as business expenses, improving their bottom lines.

Health Flexible Spending Accounts (FSAs)​

Health Flexible Spending Accounts (FSA) enable employees to earmark money from each paycheck before payroll tax deduction. With BeneFinder’s FSA, companies pay less in FICA and FUTA payroll taxes, and employees benefit from increased take-home pay.

Limited Purpose Flexible Spending Accounts​

Limited Purpose Flexible Spending Accounts (LPFSA) can be used only for eligible vision and dental expenses. Unlike Health Flexible Spending Accounts, however, Limited Purpose Flexible Spending Accounts can be held at the same time as Health Savings Accounts. When coordinated with a Health Savings Accounts, Limited Purpose Flexible Spending Accounts can reduce your taxes while enabling you to earmark Health Savings Accounts for purposes such as retirement.

With a Limited Purpose Flexible Spending Account, you can put aside money specifically for dental and vision expenses. By eliminating the need to use your Health Savings Account funds for these expenses, you’ll have more to spend on regular medical expenses. Additionally, funding these dental and vision expenses through your Limited Purpose Flexible Spending Account may enable you to keep more savings in your Health Savings Account. Over many years, those extra savings can help your retirement account grow sizeably.

Dependent Care Flexible Spending Accounts​

A Dependent Care Flexible Spending Account (DCFSA) is a pre-tax benefit account used to pay for eligible dependent-care services such as preschool, summer day camp, before- or after-school programs, and child or adult daycare. It’s a smart, simple way to save money while taking care of your loved ones so that you can continue to work.

Can Benefinder Help You?

Whether you're looking for premier insurance solutions for individuals and families our interested in our powerful, all-encompassing Human Capital Management software, we'd love to talk to you about how we can help!

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