Side by Side Comparison of the BASE® 125 FSA and the Premium Only Plan

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The BASE® 125 Flexible Spending Account (FSA) and the Premium Only Plan are both part of Section 125 of the Internal Revenue Code. Both plans offer different advantages to both employers and employees. The following chart gives a quick side-by-side comparison of the two plans. For further questions, please contact one of the BASE® Benefit Specialists to learn more.

	Premium Only Plan	Medical Reimbursement (125 FSA)	Dependent Care Reimbursement (125 FSA)
Plan Document	Yes	Yes	Yes
Employee Contributions	Their share of health insurance	Dollar amount set by employer (unlimited)	$5,000 maximum per year
Employer Contributions	None Required	None Required	None Required
"Use It or Lose It"	No	Yes	Yes
Employee Tax Savings	Between $22-$40 for every $100 contributed	Between $22-$40 for every $100 contributed	Between $22-$40 for every $100 contributed
Employer Tax Savings	7.65% of employee contribution	7.65% of employee contribution	7.65% of employee contribution
Claim Filing	None	Claim Forms Submitted Via Mail or Fax	Claim Forms Submitted Via Mail or Fax

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Employer & Employee advantages with the BASE® 125 FSA!

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