Reimbursement Benefits

Reimbursement Benefits help members pay for healthcare expenses in a way that’s tax advantaged and conscientious toward the member’s budget.

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Reimbursement Benefits

Flexible Spending Account Plans

A Flexible Spending Account (FSA) is an employer-sponsored benefit plan, designed to allow employees to deduct pre-tax payroll dollars to save and pay for their out-of-pocket heath care expenses. By offering an FSA, employers save on payroll taxes, while allowing their employees to reduce their taxable income and bring home a larger paycheck.
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Health Savings Accounts

A Health Savings Account (HSA) is a triple tax-advantaged savings account for individuals enrolled in a high-deductible health plan (HDHP), designed to allow employees to deduct pre-tax payroll dollars to save and pay for qualified out-of-pocket expenses.

By offering a HDHP and an HSA, employers can save money on their group health plan premiums; while creating a benefit plan much more affordable for their employees. Additional benefits include, employers saving on payroll taxes, while allowing their employees to reduce their taxable income and bring home a larger paycheck.

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Limited Purpose Flexible Spending Accounts

A Limited-Purpose Flexible Spending Account (LPFSA) is an employer-sponsored benefit plan, designed to allow employees to deduct pre-tax payroll dollars to save and pay for their out-of-pocket heath care expenses. A LPFSA is only offered to employees who are also enrolled in a high-deductible health plan and an HSA plan.

By offering an LPFSA, employers save on payroll taxes, while allowing their employees to reduce their taxable income and bring home a larger paycheck. Additional benefits and savings are seen by both employers and employee when an employer combines a high-deductible health plan with an HSA and LPFSA.
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Health Reimbursement Arrangements

A Health Reimbursement Arrangement (HRA) is an employer-funded, tax-advantaged benefit plan to reimburse employees for their out-of -pocket health care expenses. Like HSA plans, employers can save money on their group health plan premiums; while creating a benefit plan much more affordable for their employees. Additional benefits and savings are seen by both employers and employee when an employer combines a high-deductible health plan with an HSA, HRA, and a LPFSA.
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Dependent Care Accounts

A Dependent Care Account (DCA) is an employer-sponsored benefit plan, designed to allow employees to deduct pre-tax payroll dollars to save and pay for their eligible dependent care expenses; such as work/school related child & elder care expenses. By offering a DCA, employers save on payroll taxes, while allowing their employees to reduce their taxable income and bring home a larger paycheck.
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Commuter Benefit Accounts

A Commuter Benefits Account, includes both Transit Spending Accounts (TSA) and Parking Spending Accounts (PSA); these are employer-sponsored benefit plans, designed to allow employees to deduct pre-tax payroll dollars to save and pay for work-related commuting and parking expenses.

By offering commuter accounts employers save on payroll taxes, while allowing their employees to reduce their taxable income and bring home a larger paycheck.
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