Flexible Spending Accounts (FSA)
Most companies are familiar with FSA plans, which allow employees to set aside pre-tax dollars to reimburse qualified health care related expenses. The FSA, funded by the participant and / or the employer, requires that 100% of the annual election be made available for qualified expenses on the first day of the plan year. The flip side of this Universal Coverage Rule is the “Use-it or Lose-it” rule that forces the participant to forfeit any remaining account balance at the end of the plan year. This one aspect of the FSA plan has been stated as the primary reason for non-participation.
DPI-125: A Key Component of the DPI-Suite
DPI-125 is a full-service software solution for the administration of § 125 cafeteria plans. DPI-125 offers a variety of levels designed to suit the smallest agency to the largest plan administrator. Whether you are a small administrator just starting out, or a large company administering thousands of lives, DPI-125 lets you enter at the level that is right for you and grows with your needs. You pay for the power and functionality you need.
We understand that all administrators are not the same
Knowing this, we have developed our DPI-125 program to be a multi-leveled administration system. This system will provide excellent service from the smallest employer to the largest administrator. You receive the power and functionality you need to enhance the efficiency of your employee benefit administration.
These levels are designed to expand with your company as you grow. They provide you with solid and cost-efficient solutions for your complex benefit plans.