Don’t sacrifice features or service to meet your benefit goals

Benefits Today offers several tax-advantaged benefit solutions to help employees and employers save time and money on qualified healthcare expenses.

Flex Spending Account

A Benefits Today Flex Spending Account (FSA) allows employees to increase their take-home pay by setting aside pre-tax dollars to pay for qualified medical and dependent care expenses. As an employer, you will take advantage of reduced payroll tax on all dollars set aside in an employee’s flex account, which typically more than covers the cost of administering the plan. Below are the different types of FSAs to choose from:

Medical FSA - covers an extensive list of eligible, reimbursable medical expenses as defined by IRS Code Section 213(d), and the funds are available at any time during the plan year.

Dependent Care FSA (DCA) - gives your employees the opportunity to pay for work-related dependent care expenses with pre-tax dollars. In fact, DCA’s may provide your employees more tax advantages than the federal income tax credit.

Limited-Purpose FSA – while it doesn’t cover medical expenses, it is designed to complement the Health Savings Account (HSA) when paired with a qualified high deductible health plan, and may be established to pay for eligible vision and dental expenses.

Do you have employees that are worried about the “use it or lose it” aspect of a Flex Spending Account? Well, we’ve got you covered with two options to reduce the risk of an employee forfeiting unspent FSA funds.  

1) A Rollover option allows employees to carryover up to $500 in unspent FSA medical expense funds.

2) An alternative Grace Period option allows employees up to 2 months and 15 days beyond the end of the plan year to use their contributed funds, permitting employees to incur expenses and submit claims using the previous year’s FSA balance.

Health Savings Account (HSA)


A Benefits Today Health Savings Account (HSA) works with qualified high-deductible health plans by offering your employees a tax advantaged way to save and pay for eligible out-of-pocket healthcare expenses. When offered through a cafeteria plan, HSA contributions are tax free. This saves your company payroll taxes on all HSA contributions, while your employees save Federal, state and FICA taxes. A true win-win situation in the employee benefits world, which can equate to thousands of dollars in annual savings.

An HSA from Benefits Today is an individually owned and portable account, held in trust by an FDIC insured financial institution. Tax advantaged contributions to an employee’s HSA can be made by you or your employee, or both. HSA funds simply roll over from year to year and there are no limits on the amount an employee can hold in their HSA account. The employee’s HSA account earns interest tax free and investment options are available to your employees from nationally recognized mutual fund companies. It’s a great benefit opportunity for employees who want to create a sizable retirement nest egg.

Why R1Benefits Today?

  • Four Flexible Spending Account options: a full medical FSA, two limited scope FSAs, and a DCA
  • Toll Free Customer Service (8.00am to 4.30pm, Monday – Friday)
  • Participant and Employer Web Portals with 24/7 Access
  • Online claim submission and enrollment options
  • Automated email notifications
  • Debit card process using IIAS standards for higher percentage of auto-approved transactions
  • Claims processed daily
  • Claims processed weekly
  • Direct Deposit option available for claim reimbursements
  • Benefit Debit Card available
  • Plan Document and Summary Plan Description included and updated as applicable
  • Secure submission of sensitive employee information
  • Two funding options available- Payroll based or Claims based