FSA/HRA/HSA & Transit Administration

OutsourceOne Makes it easy for employers to offer this valuable benefit by taking over all the complex administrative functions and IRC Section 125 requirements which assure compliance. We provide companies with complete FSA services implementation, claim adjudication and tracking, administration and reporting, and regulatory support - all handled by people who are experts in FSA plan administration. The major focus of our service is to encourage your employees to take full advantage of this tax saving opportunity while we take the administrative burden off the employer.

Features At A Glance

• Superior Client Service - Experienced FSA representative pay careful attention to understanding the needs of your company, your participants and the scope of the plan. We set up each client's program in our proprietary administration system and database according to election information and program parameters provided by the client. Each client is assigned a dedicated Plan Specialist to provide individualized services and expert administration.

• Flex Convenience® Debit Card - OutsourceOne has the capability to provide your employees with a Flexible Spending Account Debit card. Your employees will love the convenience of paying for office visit co pays, new glasses, and other eligible expenses with a MasterCard® debit card linked directly to their FSA account. Using the debit card, no paperwork is necessary to file a reimbursement claim! Even better, should you utilize our online capabilities, they can go online to view their FSA account balance and check claims status 24 hours a day, 7 days a week.

• Claims Adjudication - The true gauge of an FSA administrator is how well it handles the sometimes problematic claims process. OutsourceOne has the experience to evaluate an act on each claim quickly, moving acceptable claims through the system for reimbursement and issuing denial notices where necessary. We place an extremely high priority on understanding and being sensitive to the impact that approval or denial of claims has on the participant. This translate into rapid data entry, adjudication and acceptance payment or denial quickly. Custom denial letters are generated in a timely manner, informing the participant of the reason for the claim denial and the appropriate action for resolution.

• Complete FSA Administration - Employers may offer Premium Payment Plans, Health Care Spending Accounts, Dependent Care Spending Accounts HRA/HSA and Transportation Reimbursement Plans(TRIP). In each case, OutsourceOne takes responsibility for implementation, enrollment, claim adjudication, participant reimbursements, and reporting to the plan sponsor and participants. Comprehensive regulatory compliance includes nondiscrimination testing, Form  5500 preparation-Schedule F, Plan Documents and Plan Descriptions as standard service.

• FSA Hotline- Plan participant always have access to a dedicated 1-800 FSA Hotline where they can speak directly with their FSA representive.