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Flexible benefit plansIt's like a money back guarantee—on life!How to save 30 to 40 percent on medical expenses, insurance premiums and day careOur Beniversal® flexible benefit plans allow you to have a certain amount of money deducted from your paycheck, before any taxes are calculated, to pay certain medical and day care expenses. Because it's tax-free, the amount you set aside is 30 or 40 percent more (depending on your tax bracket) than you would be able to spend without a flexible benefit plan. Flexible benefit plans could save you thousands of dollars every year! 
If your employer has signed on for our Beniversal MasterCard® card option, you'll be able to access your medical funds as quickly as you can swipe the card. Read more about the flexible benefit plan accounts below or go directly to how flexible spending plans work and instructions for enrolling.
Beniversal Medical Flexible Spending Accounts (FSAs) FSAs are IRS Section 125 accounts in which you set aside tax-free contributions for medical expenses. Your employer will set the annual limit for your contributions. Medical FSAs allow you to pay for:
Beniversal Dependent Care Flexible Spending AccountsDependent care FSAs allow you to use tax-free dollars for day care or dependent care for
The federal government sets the dependent care limits. For 2006, they are set at $5,000 per year. In order to qualify, the care must be necessary to enable you to work. If you're married, you must also be working, looking for work, or attending school fulltime. If you meet these criteria, then these expenses are covered:
Insurance premiumsMost flexible benefit plans automatically deduct the cost of certain group insurance premiums from your paycheck, tax-free. They include:
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 Flexible benefit plans offer thirty to forty percent savings on all of these expenses. It can add up quickly!
Calculate what you'll save Visit our Return-on-Investment Calculators for a quick idea of your savings. Example 1: Joe and the Medical FSA Joe estimates $300 in out-of-pocket medical expenses for the year, + $200 in over-the-counter medications + $150 in dental expenses + $250 for new prescripiion glasses. Total expenditure: $900. At a 35 percent tax savings, he gets to keep $315 that he would have otherwise sent to the government in taxes. Example 2: Jane and the Dependent Care FSA Jane has a 6-month-old in day care ($3,000 a year) and a 6-year-old who attends after-school care ($900). Jane's total spending: $3,900. At her 35 percent tax bracket, her Dependent Care FSA saves her $1,365 every year in money that she does not pay to the government.
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