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Flexible Benefit Programs

Enhance your standard benefit offerings with
flexible benefit programs!

Paylocity is revolutionizing the TPA industry with technology that has simply never existed before—creating a truly convenient and unified employee experience. Navigating the complex world of third-party administrative (TPA) benefit services, such as FSAs, HSAs, TMAs, POPs, HRAs, and COBRA have never been easier.

We provide a unique combination of innovation and
support dedicated to simplifying the world of:

Health Savings Account (HSA)

Offered to employees enrolled in a high-deductible health plan, an HSA lets employees set aside money on a pre-tax basis to pay for qualified medical, dental, and vision expenses. For maximum tax savings, HSAs can be paired with a Limited FSA.


Triple Tax Savings: Funds go in tax-free, grow tax-free, and are distributed tax-free for qualified expenses.


Other Perks: Accounts are individually owned and portable; plus, unused funds rollover and have investment options.

Flexible Spending Account (FSA)

An FSA allows employees to contribute money into an account with each paycheck to pay for qualified expenses on a pre-tax basis. Employees can then use these tax-free funds to pay for out-of-pocket medical costs and other eligible expenses! With FSAs, employers experience FICA savings on contributions, plus increase their appeal in attracting and retaining talented employees.

Healthcare FSA: An account option used to pay for out-of-pocket medical care expenses, such as deductibles, prescriptions, check-ups, and more.


Limited FSA: An account option for employees enrolled in an HSA that can be used for qualified dental, vision, and preventative care expenses.


Dependent Care FSA: This account can be used to pay for eligible child and adult care services, such as preschool, before or after school programs, daycare, and more.

Health Reimbursement Arrangement (HRA)

An HRA is a tax-advantaged, employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses that can be customized to strategically address rising healthcare premiums. Unlike other accounts, an HRA is a “promise to pay” and is not pre-funded.

Limited HRA: An account option for employees enrolled in an HSA that can be used to reduce costs for qualified expenses.


Qualified Small Employer HRA: Allows employers with less than 50 employees, who don’t offer any group health plans, to reimburse employees for qualified health insurance premiums and out-of-pocket medical expenses.

Transportation Management Account (TMA)

A TMA is a pre-tax benefit that allows employees to pay for work-related transportation and parking expenses. This account reimburses employees for expenses such as buses, vanpooling, and subway or commuter-train costs. Not only do TMAs help employees save money on a daily expense, but also promote ‘going green!’

Premium Only Plan (POP)

A POP allows employees to pay most insurance premiums on a pre-tax basis. While employers experience the FICA savings match, employees save federal, state, and FICA taxes, which leads to increased take-home pay.The IRS requires a POP for employers to take benefit premium payments pre-tax.


If you have 20 or more employees and a group health plan, you are required to offer COBRA coverage to qualified employees. In the event of termination, retirement, or other qualifying events, COBRA provides employees and their qualified beneficiaries temporary continuation of group health coverage.

Retiree Billing

As baby boomers age, the number of retirees each year is on the rise! To best support this influx and deal with the rising costs of healthcare, complement your overall benefits strategy with Retiree Billing. This administration service ensures accuracy and timeliness of collecting and processing payments; plus, reduces the demands on your internal staff.

Convenient, 24/7 Access to Plans & Funds


Give employees instant access to their elected funds on a single card. No more paying out-of-pocket. No more hassle!



HIPAA-compliant, intuitive user interface that allows participants to engage with benefit accounts and funds.



HIPAA-compliant, portal empowers administrators to manage account offerings easily and efficiently.


Make it easy for participants to check account balances, submit claims, upload receipts, access eligible expense scanner and more, while on-the-go.

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