This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Paychex, Partnership Offers Simple And Convenient Solution For Maximizing FSA Funds

Stocks in this article: PAYX

Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced a partnership with, a national online store stocked exclusively with FSA-eligible products and services. The partnership provides participants in the Paychex Flexible Spending Account (FSA) a simple and convenient way to use their FSA funds.

“Our partnership with enhances our FSA offering, making it easier for our clients’ participants to use their Paychex FSA Debit Cards and FSA funds,” said Paul Davidson, Paychex director of product management. “For a small business owner, offering employee benefits such as a flexible spending account can serve as a powerful tool for attracting and retaining employees, and just as it offers tax savings to plan participants, it offers tax savings to employers by reducing their payroll taxes.”

Through the partnership with, Paychex FSA participants have access to more than 4,000 FSA-eligible products, a national provider database of FSA-eligible services, a prescription request service for obtaining needed prescriptions for over-the-counter drugs, and the site’s FSA Learning Center that offers helpful tools, resources, and answers to frequently asked questions.

With access to the features and products available on, the partnership offers improved ease-of-use for participants of the Paychex FSA and helps increase overall participation in employers’ FSA plans. Items purchased through using an FSA debit card are auto-substantiated, which streamlines the purchasing process by eliminating the need for participants to make manual claim and receipt submissions to Paychex. With only FSA-eligible products and services available on the website, it’s easier for FSA participants to rest assured that the items and services they’re looking at are reimbursable, and comply with even the most recent healthcare reform provisions.

"We are very pleased to add an industry leader such as Paychex to our 100+ strong Third Party Administrator Network," said Jeremy Miller, president and founder of "Access to simple and convenient benefits solutions such as help consumers better understand, use, and manage their FSAs, and ultimately save money."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs