Boost your benefits offering with a Health Savings Account
Employees can use funds for qualified medical expenses including copayments, prescriptions, medical supplies, first aid and so much more.
HSAs give your employees a financial incentive to be healthier
Funds roll over year after year. If employees don’t need to use the money for medical expenses, they get to keep it!
HSAs double as great retirement plans. Employees can dip into their HSAs now to pay for qualified health expenses, or let the funds build to pay for health expenses after retirement. Once employees turn 65, they can use HSA funds for non-medical expenses like with a standard IRA. All withdrawals for medical expenses are tax free.
An HSA paired with a High Deductible Health Plan (HDHP) will let you pay less money to the insurance company and reallocate that money into your employees’ HSAs. Learn more
Help employees save more with a Flexible Spending Account
A Flexible Spending Account (FSA) allows employees to benefit from tax savings by setting aside pre-tax dollars for healthcare, dependent care and commuter/transit expenses. Employers receive matching tax savings and can help their employees manage out-of-pocket costs.
Employees can enjoy savings of up to 40% on thousands of eligible medical expenses including co-pays, dental and vision expenses, and prescription drugs.
Pay for the care of an eligible child, adult or elder dependent with pre-tax dollars for expenses such as day care, elder care, nannying, nursery school, pre-school and more.
Save money on everyday transportation with pre-tax dollars for parking expenses, mass transit pass expenses, and commuter highway vehicle expenses.