Paychex, FSAstore.com Partnership Offers Simple and Convenient Solution for Maximizing FSA Funds

  Paychex, FSAstore.com Partnership Offers Simple and Convenient Solution for
  Maximizing FSA Funds

Business Wire

ROCHESTER, N.Y. -- March 14, 2013

Paychex, Inc., a leading provider of payroll, human resource, and benefits
outsourcing solutions for small- to medium-sized businesses, today announced a
partnership with FSAstore.com, 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 FSAstore.com 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 FSAstore.com, 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 FSAstore.com, 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 FSAstore.com 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 FSAstore.com. "Access to simple and convenient benefits solutions
such as FSAstore.com help consumers better understand, use, and manage their
FSAs, and ultimately save money."

Employers and employees currently enrolled in the Paychex FSA can learn more
about the FSAstore.com partnership and start shopping by visiting the
respective Paychex FSA employer and employee sites. For more information about
the Paychex Flexible Spending Account, visit
http://www.paychex.com/employee-benefits/section-125/flexible-spending-account.aspx.

About FSAstore.com

FSAstore.com is the only one-stop shop exclusively stocked with FSA eligible
products and services, eliminating the guesswork behind what is reimbursable
by an FSA. Consumers with flexible spending accounts can access thousands of
high quality FSA eligible products, in addition to FSA eligible services, and
much-needed information through the FSA Learning Center. FSAstore.com accepts
all FSA and major credit cards, offers 24/7 customer service, one-to-two-day
turnaround for all orders, and free shipping on orders $50+. There is no need
to submit receipts for products purchased with an FSA card.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource,
and benefits outsourcing solutions for small- to medium-sized businesses. The
company offers comprehensive payroll services, including payroll processing,
payroll tax administration, and employee pay services, including direct
deposit, check signing, and Readychex®. Human resource services include 401(k)
plan recordkeeping, section 125 plans, a professional employer organization,
time and attendance solutions, and other administrative services for business.
A variety of business insurance products, including group health and workers'
compensation, are made available through Paychex Insurance Agency, Inc.
Paychex was founded in 1971. With headquarters in Rochester, New York, the
company has more than 100 offices serving approximately 567,000 payroll
clients as of May 31, 2012. For more information about Paychex and our
products, visit www.paychex.com.

Stay Connected with Paychex

Twitter: www.twitter.com/paychex
Facebook: www.facebook.com/paychex
LinkedIn: http://www.linkedin.com/company/paychex/products

Contact:

Media:
Paychex, Inc.
Laura Saxby Lynch, 585-383-3074
Director, Corporate Communications
lsaxbylynch@paychex.com
@PaychexNews
or
Eric Mower + Associates
Tom Brede, 585-389-1870
Counselor, Public Relations & Public Affairs
tbrede@mower.com