BESTflex Plan Help


FSA Tax Savings Calculator for Employers

Estimate potential FSA plan tax savings for your business

Flexible spending accounts (FSAs) provide tax savings to businesses. Employers save 7.65% in social security taxes on every dollar that FSA participants contribute to the plan. This 7.65% in tax savings can be enough to offset the costs of offering the BESTflex Plan in some cases.

Our statistics indicate that approximately 35-40% of employees participate. For your reference, the average health care flexible spending account election is $1,200, and the average dependent care flexible spending account election is $3,300. Fill the fields below to calculate your employer savings! (All fields are required.)

1. Projected Annual Contributions

Health Care FSA

#
$
$

Dependent Care FSA

#
$
$

Total annual premiums

$

Totals

$

2. Projected Annual Savings

%
$

3. Projected Annual Fees

$
$
$
$
Location (map)
1350 Deming Way, Ste 300
Middleton, WI 53562-4640

Mail Address
PO Box 44347
Madison, WI 53744-4347