Adoption Reimbursement Accounts

The establishment of an account system for Adoption Reimbursement is permitted under Section 125 of the IRC and provides up to $5,000 annually in pre-tax funds. Employees desiring to participate in this Spending Account option, if offered, must pre-determine their annual expense and ‘commit' to it. Dollars set aside are subject to the same ‘use-it-or-lose-it' rules as standard Healthcare FSAs. Because of the relative unpredictability of adoption expenses, we suggest you consult with a Benesyst representative and discuss your goals and circumstances to determine the advisability of offering this program. Benesyst offers Adoption Reimbursement Account management in conjunction with our standard FSA services.