Administrative Services

We offer full service Section 125 administration for flexible spending accounts in conjunction with federal guidelines as defined by IRS code 125. At Davevic Benefit Consultants, we have available two types of Flexible Spending Accounts (FSA):

Medical Reimbursement - account allows an employee to set aside money pre-tax through regular payroll contributions. During the year, the employee can be reimbursed directly from their account for qualified healthcare services provided that are not covered by insurance. Common expenses that qualify for reimbursement are: doctor visits, deductibles, co-payments, prescriptions, dental services and orthodontics, chiropractor services, eye exams, glasses and contacts. To see all medical items that are reimbursable under a Flexible Spending Account, please visit The FSA Store.

Dependent Care Reimbursement - account reimburses the employee for daycare expenses for eligible children and adults. Through regular payroll deductions, they set aside part of their income to pay for these expenses on a tax-free basis. Qualified expenses for reimbursement include - adult and child daycare centers, preschool and before/after school care.