Employer Advantages & Services

With the cost of healthcare rising rapidly, Employers face a tough balancing act.  Its becoming more difficult to find the right health plan at an affordable price, without making cuts that affect the lives of people you count on everyday.  Flexible Spending Accounts are a time tested way to reduce the impact of benefit changes that increase employee out-of-pocket costs. And now, they’re better than ever thanks to the everyday convenience of debit card technology.

Introducing CareFlex Express – simple, convenient, smart.

CareFlex Express links these government sanctioned financial tools with the simplicity of swipe card technology. With the global reach of MasterCard, CareFlex Express can be tailored to handle not only health care spending accounts, but dependent care and newer applications like health reimbursement arrangements (HRA) and wellness incentive deposits as well, all on one card.

The CareFlex Express Advantage

CareFlex Express offers plenty of advantages for both you and your employees.  With up to 30% savings* on co-payments, deductibles, pharmacy costs and over-the-counter medications and supplies, your employees enjoy easy access to their funds and more purchasing power while you save payroll taxes on each dollar set aside.  We handle all of the required verifications while you get credit for helping your employees save real money.

Working Two ways

For Your Employees and their families:  Instead of paying uncovered health-care costs with money already reduced by taxes, employees deposit pre-tax earnings right on their CareFlex Express card for use on a wide range of IRS approved expenses. Our planning process helps them accurately estimate their needs. The result: up to 30% savings on money they would spend anyway.  Plus, CareFlex Express provides the convenience of swipe card payments thus eliminating the double hassle of paycheck withholding and up front payments while waiting for reimbursement checks to arrive.

For You:  Every dollar designated by employees  translates to Social Security and Medicare tax savings for you—close to 8 cents on every dollar.  Moreover, the attractiveness of the program increases participation over conventional FSAs.  Growth in both number of participants and size of contributions are common with CareFlex Express. Higher employee participation means greater savings for both you and your employees.

For more information, contact Kyle Morrow at (888) 577-2762
or e-mail kmorrow@careflex.com.