American Benefit Advisors
          Innovative HR & Benefit Solutions
Individual & Group plans from top rated carriers are available from ABA.

Click here for more information and a free, no-obligation rate quote.
How Much Will an FSA Plan Save Me ?

If you have Medical expenses not reimbursed by insurance or Childcare expenses, you should be participating in a Flexible Spending Plan (or Section 125) if your employer offers this benefit.  The reason is that your participation can significantly reduce your Income and Payroll taxes, giving you more of your money to spend .

Use the FSA Plan Calculator below to see how much you can save.
FSA Calculator

FSA Plan Benefit Calculator

This calculator demonstrates the potential annual tax savings available if you elect to participate in a Flexible Spending Account Plan.   Just estimate your income and your Medical and Child Care costs, then scroll to the bottom to see an estimate of your annualized potential tax savings.

1. Estimated Annual Income
2. Estimated Medical Expenses (not reimbursed by insurance or excluded by IRS)
Prescription Drugs
Over-the-Counter Drugs
Assistance for the handicapped
Therapy treatments
Total Medical Expenses 

3. Estimated Dependent Care Expenses
Day Care Center
Nursery School
After-School Care
Home Health Care
Total Dependent Care Expenses (max. $5,000):  

Here's an estimate of your potential tax savings...

NOTE: These calculations are based on 15% Federal, 5.85% State, and 7.65% Social Security tax. Your  Federal and State income tax rates may be more or less.

Without FSA
  With new FSA
Annual Income  
Total Medical Expenses  
Total Dependent Care Expenses  
Taxable income  
Net income  

Your annual  savings...  

NOTE: This information is intended to be general and informational in nature, and is not intended to provide you with legal, medical, tax, financial planning or other professional advice.

Click here for a simple way to determine if you need any additional insurance.
American Benefit Advisors, Inc.
Atlanta, GA   30077-2166

Phone 770-645-5989


© 2003 - 2013 by Noel Services, Inc. All rights reserved.
Authorized independent agent and licensed in GA 595707 and 153782, AL A221211, AR 394983,
AZ 1028006, CA 0I04295, FL P009487, IA 7081467, MO 8055643, MS 405036, NC 7081467,
NJ 1526012, NY LB-1177472, SC 380702, TN 930031, TX 1569264, and VA 614046. Coverages and availability vary by state. Not all businesses and individuals qualify. This does not constitute legal, tax, or accounting advice or opinion.  Consult with an experienced and properly licensed professional regarding the specific suitability of any planning technique or benefit plan design. 

Unless expressly stated otherwise on this website, (1) nothing contained in this website was intended or written to be used, can be used by any taxpayer, or may be relied upon or used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended; (2) any written statement contained on this website relating to any federal tax transaction or matter may not be used by any person to support the promotion or marketing or to recommend any federal tax transaction or matter; and (3) any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor with respect to any federal tax transaction or matter contained in this website. No one, without our express written permission, may use any part of this website in promoting, marketing or recommending an arrangement relating to any federal tax matter to one or more taxpayers.