PowerFlex TPA - The best choice for your company's FSA Administration needs.

PowerFlex TPA Advantages

Offered under Section 125 of the Internal Revenue Code, Flexible Spending Accounts (FSAs) allow employees and employers to shield thousands of dollars of expenses every year, resulting in substantial tax savings. It's
no wonder then, that most employers want to take advantage of Section 125 tax-advantaged healthcare solutions. However, some employers may not want to deal with the day to day

Checkout our current pricing specials: $99 annual setup fee, $4.00 monthly administration fee and $1.50 monthly debit card access fee

administrative issues or HIPAA liability that comes from handling employee protected health info.

PowerFlex TPA (Third Party Administration) Services offers companies large and small an affordable, easy and convenient way to take advantage of FSA plans without tapping internal staffing resources. From employee communication & education, to plan setup, to administration & reporting, PowerFlex TPA is the best choice for administering your company's Flexible Spending Account plan.

Our expert staff has years of FSA experience and handles every aspect of employee claims and reimbursements with strict adherence to IRS adjudication and reporting regulations.

Our Standard Section 125 FSA Administration Services include the following:

Section 125 FSA Account Management

Experienced Section 125 Flexible Spending Account Manager assigned
Toll-free access for employer's staff
Accommodate both fiscal and calendar years as well as multiple payroll frequencies
Bank account held in your company’s name so that you maintain full control over your plan's bank account
Detailed Employer reports for Section 125 transactions
Employer-paid or funded benefit options

Section 125 FSA Communication and Enrollment Materials

Employee education materials and presentations provided
Employee enrollment materials, including election
and claim forms
On-line group meetings available
Confirmation emails sent to participants after enrollment

Section 125 FSA Customer Services

Toll-free participant access to live customer support staff Monday through Friday
24/7 Web-based participant account access for:
- Claim forms and instructions
- Claim status and account balances
E-mail support option for participant questions

Section 125 FSA Claim Adjudication and Reimbursement

Claim verification tracking to ensure that all claims:

are incurred during the selected plan year
are submitted before end of the grace period (process last year and current year simultaneously)
do not exceed the Plan Maximum or available balance

Paper claims
Reimbursement options include:

Check
MasterCard® Debit Card
Direct Deposit (available June 2007)

Detailed FSA account and balance information included with each reimbursement check

Section 125 FSA Compliance

Discrimination Testing
5500 Form required information provided for applicable employers
Regulatory updates
HIPAA