The Preferred Group has been offering the tools for Brokers and their clients for over 20 years.  Employers are constantly searching for full service Brokers who offer ways to lower their costs while maintaining a high level of benefits.  By using The Preferred Group as your preferred TPA you will provide a quality benefit to your clients without the nuisance of administration.  Call today and find out about The Preferred Group’s broker commission program.

Flexible Spending Accounts (FSA)

Flexible Spending Accounts (FSAs) also referred as “Cafeteria” or “Section 125 Plans”, were designed by the IRS to provide a tax relief to employees on every day unreimbursed medical and dependent day-care expenses.

“Win, Win”

• Employees save 30% to 40% by using pre-tax dollars to pay for eligible expenses.
• Employers save 7.65% by not paying FICA taxes on all contributions made to the plan. 

The Preferred Groups FSA offers:

• Unreimbursed Medical Account
• Dependent Day Care Account
• Premium Expense Account

Key Features

• Dedication to employee satisfaction with an attention to detail.
• Truly comprehensive package of options that is seamless but convenient to members.
• Same Day Claims, if your claim is received by 12PM, your check is in the mail by 5PM that day.  This turnaround and rapid response supersedes the competition.
• Live Phone Coverage is available 8AM to 5PM, Monday-Friday.
• Additional Services
  • Pre-paid Benny™ Card
  • Direct Deposit
  • Website Access
  • E-mail Notifications
  • Claims accepted by Fax or Mail