The Dependent Care Assistance Program (DCAP) is the perfect savings tool for employees with daycare costs these individuals can save between 25% and 40% on their pre-tax daycare expenses. The Dependant Care FSA provides a means for employees to bridge the financial gaps inherent in traditional benefit packages, and since it can be offered pre-taxed, the employer is also able to save the matching 7.65% payroll tax (FICA). Despite these advantages, dependant care FSAs are among the most underutilized benefits employers offer. HGI provides tools and resources that result in an outstanding enrollment rate and a 2% payroll savings rate on most redirected pre-tax dependant care funds.
Program Benefits:
- Tax benefit of 25% to 40% for employees
- No liability for your company
- 100% of administration handled by HGI Benefits − no additional burden for your HR department
To get more information, please call (800) 929-9525 or click here