WELCOME TO PRECISION ADMINISTRATORS
Locally owned and operated since 1988.
People. Products. Precision.
WHAT WE DO
We provide simplified benefit solutions in a complex world.
FLEXIBLE SPENDING ACCOUNTS
What is a Flexible Spending Account and how does it work?
A Flexible Spending Account gives employees the ability to set aside money from their paychecks before taxes are taken out. That money is then loaded on to the Precision Administrators (PAI) Prepaid Benefit Visa® Card. Employees can then use these pre-tax FSA dollars to pay for eligible health and dependent care expenses throughout the year. Examples of eligible expenses are: doctor's visits, prescription drugs, dental and vision expenses. Your employees are already paying for these expenses, why not save money?
What is a Medical FSA?
A Medical FSA allows you to utilize pre-tax dollars to pay for eligible health care expenses for you, your spouse, and your eligible dependents. For 2020 you can pre-tax up to $2,750 dollars for your Medical FSA account (up from $2,700 in 2019).
DEPENDENT CARE FSA
What is a Dependent Care FSA?
A Dependent Care FSA is a pre-tax benefit account, similar to a Medical FSA, that is used to pay for dependent care services such as preschool, summer day camp, before or after school programs, and child or elderly daycare. You can pre-tax up to $5,000 for your dependent care reimbursement account.
A BIT ABOUT US
Precision Administrators was founded in 1988 with a mission to serve businesses - both small and large - by administering Section 125 Cafeteria Plans and helping clients navigate the complex world of employee benefits.
Over the years, Precision Administrators capacity to develop strategies that conform to the ever-changing laws and regulations, while providing a manageable and flexible administration platform for its customers, has made Precision Administrators one of the most recognized and respected Third Party Administrators in the region.
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