Flexible Benefit Service

Based in Chicago, this financial services and insurance business administers employee benefit programs and provides compliance services for employers. Offerings include flexible spending accounts for healthcare and dependent care expenses, health savings accounts for qualified healthcare costs, health reimbursement arrangements, and commuter accounts for transit and parking. It also provides premium-only plans with pre-tax payroll deductions, ERISA wrap document preparation, non-discrimination testing, and COBRA administration. Services are delivered through a technology platform for managing consumer-driven health plans, alongside employee and employer support. The company has operated in benefits administration since 1988 and brings experience in health insurance and employee benefits.