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FSA Overview Brokers and Agents

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Simple setup.

Seamless implementation.

Superior service.

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SelectAccount makes FSAs easy for you - and your clients

A flexible spending account (FSA) is a personal expense account that works with an employers’ health plan, allowing employees to set aside a portion of their salary pretax to pay for qualified medical expenses. An FSA offers your clients a smart way to help employees plan for health care costs and save money on their taxes at the same time. Employers benefit too, with reduced employee payroll taxes.

Employers save time, money

SelectAccount’s FSA plan is easy to implement and offers your clients valuable benefits, including:

retire-green-on-white.png Flexibility — Your clients can offer FSAs with almost any group health plan, and may allow employees to carry over up to $500 of their unused FSA funds.
retire-green-on-white.png Reduced administration — Employees can manage their account from any mobile device and enjoy the convenience of a simple claims and reimbursement process.
retire-green-on-white.png Added value to any benefits package, helping to attract and retain employees and empower them to make smart spending decisions.

Outstanding support for you and your clients

Both employers and employees receive 24/7 support to ensure they’re getting the most from their FSAs. Our high-touch service model provides one-on-one training sessions and a whole team of account executives and customer service representatives. This provides seamless administration and empowers employees to take an active role in their health care spending decisions.

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Each FSA account comes equipped with:

  • Zero fees for:
    • Account opening and closing
    • Replacement debit card(s)
    • Over contribution fees
  • Online and paper account enrollment and tax statements
  • Debit Card
  • Automated Clearing House (ACH) or check contributions and withdrawals

The SelectAccount difference

For 28 years, SelectAccount has served as a trusted industry innovator with a deep understanding of health plan benefit design and administration. You get:

  • Best-in-class customer service
  • Low fees and high interest rates
  • State-of-the-art reporting, marketing and branding capabilities

User-friendly tech and tools make it easy for your clients to manage their FSAs 24/7

  • Portals – broker, employer, member
  • SelectAccount mobile app
  • Debit card – simple, seamless and smart.
    Funds draw from designated health spending account(s) automatically. Free cards with no fees.




Learn more. Talk to a health care spending administration expert.




Your SelectAccount sales representative can provide you with more information.


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