Flexible Spending Accounts
Enhance employee purchasing power. Lower taxes for both employers & employees.
What is an FSA?
A Healthcare Flexible Spending Account (FSA) is a personal expense account that works with an employer’s group health plan. The account allows employees to set aside a portion of their salary on a pre-tax basis to pay for qualified medical expenses.
Employees who enroll in an FSA can realize tax savings on eligible expenses such as copays, deductibles, prescriptions, over-the-counter medicine, and thousands of other health items.
Employers: Why Offer an FSA?
Payroll Tax Savings
Employee Satisfaction
Compliance Support
Convenient, flexible platform with with advanced reporting. Create a compliant plan and engagement strategy tailored for your needs.
Help your employees pay their healthcare expenses while educating them on how to value and use their benefits.
Reduce payroll taxes and reallocate those dollars to a benefit that improves your employees' lives.
Employees: Why Enroll in an FSA?
Reduce Taxable Income
Save on Eligible Purchases
Easily Spend & Manage Funds
With the ZyneraHealth virtual wallet and debit Mastercard®, employees can use their account to make eligible purchases online and at locations that accept Mastercard®.
Use pre-tax dollars to purchase eligible products and services. Save 25% to 40% on healthcare expenses including deductibles, copays, prescriptions, procedures, and out-of-pocket costs.
Use the deduction! Every dollar an employee contributes to an FSA lowers their taxable income.
What Can I Buy with My FSA?
Modern Flexible Benefits
Contacts
ZyneraHealth is a third-party administrator, not a bank. Banking services are provided by Centennial Bank, Inc., member FDIC and subsidiary of Home BancShares, Inc. Your deposit balances held at Centennial Bank, Inc. are insured by the Federal Deposit Insurance Corporation (FDIC) for up to the legal limit (currently $250,000 for each category of legal ownership). Banking services associated with ZyneraHealth accounts are available only through Centennial Bank, Inc. The ZyneraHealth Debit Mastercard® is issued by DataPath Financial Services, Inc. pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted. Annual Percentage Yield (APY) accurate as of 1/4/2024. Minimum amount to open a ZyneraHealth HSA account is $1,000. An interest rate of 0.050% applies to entire balance. Interest rates may change after account is opened. Fees may reduce earnings.
Brokerage services provided by DataPath Investment Advisors, Inc. member FINRA/SIPC. DataPath Investment Advisors, Inc. is the firm that we use to custody our client investment assets. DataPath Investment Advisors, Inc. and ZyneraHealth are separate and unaffiliated firms, and are not responsible for each other’s services or policies. DataPath Investment Advisors, Inc. does not endorse or recommend any advisor and the use of the DataPath Investment Advisors, Inc. logo does not represent the endorsement or recommendation of any advisor.
