Flexible Spending Accounts were combined in a 1970’s, so that employees could compensate pre-tax dollars for medical and child caring expenses.
(PRWEB) May 18, 2012
Zane Benefits, that provides tiny businesses with extensive and stretchable alternatives to normal organisation health insurance, this week published a new essay on a history of Flexible Spending Accounts. The essay teaches a story of a program, that 24 million employers offer.
In a late 1960s, as acceleration and other factors increasing a cost of employer-sponsored health benefits, employers began instituting annual deductibles and coinsurance on their health benefits
Article source: http://www.chron.com/business/press-releases/article/Zane-Benefits-Publishes-History-of-Flexible-3568744.php