Employer Savings Calculator

With a Health FSA, DCAP FSA, and/or Commuter benefit plan, employers save on their portion of FICA taxes. The employer FICA tax is 7.65%. So for example, if an employee sets aside $1,000 pre-tax annually, the employer saves $76.50 on FICA taxes in that tax year. When all said and done, offering one or all of these programs will cost the employer very little and sometimes nothing at all. It’s a win win! 

Term Key: FSA- Flexible Spending Account         DCA- Dependent Day Care Account      CRA- Commuter Reimbursement Account