Visit our FacebookVisit our TwitterVisit our LinkedIn
Marlow Campbell Insurance Group
We got you covered

Maximize Your Savings with Flexible Spending Accounts in North Carolina

Learn How FSAs Offered by Marlow Campbell Insurance Group Can Benefit You

Get Started

Many years in business

100% customer satisfaction

Knowledgeable advisors to help you

Multiple coverage options to choose from

Marlow Campbell Insurance Group/ flexible spending account FSA

Understanding Flexible Spending Accounts (FSAs) Provided by Marlow Campbell Insurance Group

Flexible Spending Accounts (FSAs) are an excellent employee benefit designed to save you money on eligible healthcare expenses through pre-tax savings. Setting up an FSA withMarlow Campbell Insurance Group in North Carolina not only benefits your current staff but also makes your company more attractive to top talent.

Click And Learn

Recruitment & Retention
Employees control on benefits
Eliminating guesswork

Recruitment & Retention

Risk Factors

Small businesses need to offer comprehensive benefits packages if they want to stay competitive with other employers within their industry.

Solution

Employees place high importance on benefits, and for some, benefits packages can be the deciding factor between two jobs. To attract and retain top talent, you should expect to compensate them accordingly. In a recent study by MetLife, 72% of employees said having customized benefits increases their loyalty to their employer.

Employees control on benefits

Risk Factors

Every employee is unique, and benefits should reflect that. For example, an unhealthy older employee with a large family will want different advantages than a young, healthy, single employee laden with student debt.

Solution

Flexible benefit plans allow your employees to choose only those benefits that are relevant to them. Flexible benefits empower employees to ensure their organization meets their professional and personal needs. Employees want to feel their employer is investing in them, and flexible plans are a great way to do that.

Eliminating guesswork

Risk Factors

When you create a plan, you have to note everyone’s needs and then make a suitable plan. Hence, there might be some coverages that other employees need but are omitted.

Solution

Your employees know what type of benefits will best suit them. When you offer a flexible benefits plan, you don’t have to try to create a plan that appeases everyone. Instead, you can leave the choices to your employees and rest assured that they are getting the right benefits to accommodate their health, budgets, and personal and professional happiness.

What is a Flexible Spending Account (FSA)?

An FSA is a special savings account that offers tax advantages. Employers in North Carolina can establish FSAs for their employees, enabling them to contribute a portion of their earnings before taxes. Employers can also add to these accounts. The funds must be used to reimburse employees for qualified medical and dental expenses.

Another variation is the dependent-care FSA, which covers childcare expenses for children under 12 and care for qualifying adults, including spouses who meet specific IRS guidelines. This type of FSA has different contribution limits than medical-related FSAs.

Eligible Expenses for FSA Reimbursements

Expenses eligible for FSA reimbursements include any deductible medical costs not covered by insurance. Examples are:

  • Fees for doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists, and Christian Science practitioners
  • Contact lenses and eyeglasses
  • Hospital services, long-term care services, insurance premiums, nursing services, lab fees, prescription medicines, and insulin
  • Acupuncture treatments
  • In-patient treatment for alcohol or drug addiction
  • Smoking cessation programs and prescribed drugs for nicotine withdrawal
  • Medical aids such as false teeth, hearing aids,  wheelchairs, crutches and guide dogs for the blind or deaf

(Refer to your FSA benefit documentation for a complete list of covered expenses. Always keep receipts for any expenses you plan to reimburse.)

Use It or Lose It

Funds in an FSA must generally be used by the plan year's end. Some plans provide a grace period of up to two-and-a-half months to use the remaining funds. After the year or grace period ends, any unused funds are forfeited. Therefore, employees should carefully estimate their contributions and plan their expenses accordingly.

Offering FSAs through Marlow Campbell Insurance Group in North Carolina is a valuable perk for your team and a strategic advantage for attracting new talent. FSAs can be complex, but we at  Marlow Campbell Insurance Group are here to help you navigate and implement these plans effectively. Contact us to learn more.

Already have Flexible Spending Account (FSA)? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
Request a Quote

Get Personalized  Insurance

Name(Required)
(Required)
This field is for validation purposes and should be left unchanged.
© 2025 Marlow Campbell Insurance Group Designed by Amplispot
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram Skip to content