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Take Care Plans
Employee Savings Example
An employee makes $2,000 each month and decides to participate in her employer's FSA Plan. She pays her insurance premiums and health and daycare expenses through the FSA with tax-free dollars. And, she is able to save $100 each month!
| Your Paycheck Without A Plan
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| Salary FICA, federal, state taxes Insurance premium Health & daycare expenses Net Pay |
$ 2,000 -$ 500 -$ 100 -$ 300
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| Your Paycheck With A Plan
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| Salary Insurance premium* Health & daycare expenses* Adjusted earnings FICA, federal, state taxes Net Pay |
$ 2,000 -$ 100 -$ 300 $ 1,600 -$ 400
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| *Paid through the FSA plan. | ||
| More Information | ||
