- Participant payroll deductions go into an account to pay for eligible dental and vision expenses only.
- Expenses include out of pocket vision and dental expenses.
Why?
Participant Benefits
- Deductions are pre-tax reducing total taxable income.
- Save an estimated 30% on vision/dental expenses each year.
- Can be paired with a HSA to preserve HSA balance and increase tax savings.
- Improves financial & mental wellbeing.
Employer Benefits
- Reduce FICA/Payroll taxes by 7.65% for every pretax dollar employees contribute.
- Improves recruiting, retention and engagement.