Employee Benefits
FSA + HRA
BPAS makes pre-tax benefit administration simple. From straightforward plan setup to secure, real-time tools, we help employers offer meaningful, budget-friendly benefits without the added complexity.
What We Do
What FSA services does BPAS provide?
We bring all Section 125 components together—including FSAs, Dependent Care, Transit & Parking, POP, and HRAs—under one integrated platform. That means easier setup, seamless administration, and stronger compliance.
Our services include:
- Simple plan setup and worry-free administration
- Flexible Spending Accounts (FSA)
- Dependent Care Accounts
- Premium Only Plans (POP)
- Transit & Parking (Commuter) Accounts
- Employer-funded Health Reimbursement Arrangements (HRA)
- Plan document and full plan compliance services
- Built-in nondiscrimination testing
- Real-time platform with on-demand reports and online services
- Smart debit card for FSA, HRA, Transit & Parking
- Mobile app for easy payments and claim submissions
- BPAS ClaimFinder for automatic receipt collection and fast reimbursements
Why Choose Us
Why choose BPAS for FSA administration?
Employers rely on BPAS because we deliver a flexible, integrated service across all plan types. With everything housed under one roof, you reduce risk, streamline operations, and provide employees with tools that make their benefits easier to use.
We deliver:
- Proven expertise in FSAs, HRAs, HSAs, Transit & Parking, and VEBA
- One-stop administration and a single partner for all plan needs
- Secure participant and employer web portals
- Easy-to-use technology with enrollment, billing, reporting, and direct deposit
- Continuing education, regulatory updates, and an annual plan survey
- Dedicated Plan Consultant and US-based call center
Who Benefits
Who benefits from partnering with BPAS?
Employers gain tax advantages, streamlined administration, and confidence in full compliance support.
Employees get convenient tools, fast reimbursements, and one debit card that supports multiple plans—making everyday expenses easier to manage.
HRAs
A quick note on HRAs
If you’re looking for a way to offset rising healthcare costs, an HRA can be a smart addition to your benefits package. BPAS offers employer-funded Health Reimbursement Arrangements that reimburse employees for eligible medical expenses and certain insurance premiums—helping you stretch your benefits budget while supporting employee needs.
We’ll work with you to design an HRA that aligns with your health plan and organizational goals, backed by secure technology, easy claim processing, and the same debit card employees use for their FSA and commuter benefits.
Learn more about designing an HRA.
Looking to pair an HRA with a VEBA/115 Trust? Learn more here.
Ready to get started?
Simplify your FSA experience and build a plan that fits your organization. Contact us today at 1-866-401-5272 or email [email protected].
Frequently Asked Questions
No. A Section 125 plan is the structure that allows employees to pay for benefits with pre-tax dollars. An FSA is one option within that plan, along with dependent care and commuter accounts.
A POP allows employees to pay their share of insurance premiums—such as health, dental, and vision—with pre-tax dollars.
An FSA lets employees use pre-tax dollars for eligible medical expenses not covered by their health plan, increasing their spendable income.
FSAs follow the “use-it-or-lose-it” rule, but employers may offer a rollover or an extended run-out period.
Only if they experience a qualified life event as defined by the IRS.
Yes. BPAS performs all required testing to ensure plans remain compliant.
A VEBA/Section 115 Trust is a funding mechanism that holds employer contributions used to pay for eligible benefits. It is commonly paired with an HRA that defines how funds may be spent.
Yes. Unused balances carry forward as long as the employee remains eligible.
Yes. Contributions can be updated month to month.
Participation ends, and remaining balances are forfeited unless the plan includes a grace period.
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