The AXIS FlexAccount Plan is attractive to employers because it allows for reduction of payroll taxes while meeting employees specific needs – free of income tax. The AXIS Plan permits any Major Medical Program to become compliant with the Service Contract and Davis Bacon Acts. Now you can use your current Major Medical Plan and not worry about compliance. Employers may choose to fund all of the fringe benefit dollars into the FlexAccount thus allowing employees the opportunity to choose the benefits that fit their individual needs. Employee choices mean a happier and more productive workforce.
The FlexAccount debit card program is a breakthrough solution that gives employees choices for spending their fringe benefit dollars with an easy to use debit card system. FlexAccount debit card gives employees instant access to their funds. The FlexAccount virtually eliminates claim forms, which means employees no longer have to pay cash out of pocket and wait for reimbursement checks. In addition, AXIS provides instant access to account balance information via secure internet access and 24 hour, toll-free phone access.