FLEXIBLE SPENDING ACCOUNTS
The Health Care Flexible Spending Account is a tax-free account that allows you to pay for essential health care expenses that are not covered, or are partially covered, by your medical, dental and vision insurance plans. By contributing a portion of your payroll dollars into your Flexible Spending Account on a pre-tax basis, you can save from 25% to 40% on the cost of eligible expenses you are already incurring.
Eagles administers every aspect of the FSA plan. Here is just a few of the functions we perform:
- Customized account set up, enrollment, educational flyers and communication materials
- 24/7 Secure employee online account access with learning tools
- Dedicated Account Manager
- Accepting and importing electronic file for Open Enrollment Elections
- Monitoring and verifying all claims and preparing participants’ direct deposits or checks
- Employee account balance notifications
- Employer notification of regulation and law updates
- Preparing customized letter for denied claims
- Answering all questions concerning Plan logistics and participant accounts via our toll free number at (800) 726-5603
- Offering 24/7 online participant account access at: https://eaglesbenefits.lh1ondemand.com/Login.aspx
- Attendance at benefit fairs or employee group presentations as needed
- Perform all Discrimination Tests
- Funds Reimbursement via Check or Direct Deposit
- Detailed Reporting
- FSA Debit cards for employees and dependents
- Prepare Plan Documents. (Employer will make copies of Summary Plan Description and give to all eligible employees.)