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Section 125 Premium Conversion (POP) Plans
Flexible Spending Accounts (FSAs)
Health Reimbursement Accounts (HRAs)

Employee/Employer FSA Tax Savings Calculator

Use the calculator below for an estimate of the tax savings an employer can expect if the employees pay their share of premiums with tax-free income and participate in Flexible Spending Accounts (FSAs).

1. Enter total annual employee contributions for medical insurance and other qualified coverages.
(Do not use dollar signs or commas, just numbers and a decimal point.)

2. Enter a typical state and local income tax rate, if applicable, in decimals (i.e. 5% = .05).
(Please be aware that some localities in Kentucky may not allow excluding Section 125 contributions from local income taxes. See your tax adviser for more information.)

3. Enter the number of employees eligible to participate in your benefit plan(s).