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ServicesHealth Savings AccountsA Health Savings Account is an alternative to traditional health insurance; it is a savings product that offers a different way for consumers to pay for their health care. HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. HealthCare Reimbursement AccountsThe IRS (Notice 2002-45) authorizes the use of Health Care Reimbursement Arrangements (HRA) as an employer funded cost containment vehicle for employee benefits. It is designed to avoid most of the complicated rules that currently apply to medical reimbursement accounts in an FSA. Flexible Spending AccountsFlexible Spending Accounts are comprised of two major components: Healthcare Flexible Spending Account (aka Medical Reimbursement Accounts) and
Dependent Care Accounts Dependent Care AccountsThe federal Government definition of a dependent is as follows:
An eligible dependent is any dependent who is less than 19 years old (or 24 if a full time student), resides in the same home as you for more than half the year and your dependent under federal income tax rules. An eligible dependent may also include your mentally or physically impared qualifying relative who is incapable of caring for himself or herself (for example, an invalid parent). Parking & Mass Transit AccountsBy adding a Parking/Transit Plan to your benefit package, your employees will receive an additional pre-taxed benefit allowing for an increase in their take home pay. Section 125 Document PreparationSection 125 Plans allow for certain benefits to be paid for with pre-tax dollars. Substantial savings can be realized by both the employer and the employee under this arrangement. COBRA KitUnder COBRA certain employees can elect to continue their employer sponsored health benefits after termination of employment. You can avoid the complexities of administering COBRA with our COBRA KIT. |
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"Bringing out the Best in Benefits"® |
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