HSA / FSA / HRA

Traditional healthcare benefits aren’t enough to cover the continuing rise of healthcare expenses. As an employer your need to find other cost-effective benefits to attract and retain employees. The below tax-advantaged benefits to both the employer and the employee may be the answer:

HSAs (Health Savings Accounts) – Bank accounts through the HSA provider you choose to help employees pay for eligible healthcare expenses or can be used toward retirement. You and your employee can put money into this account up to a yearly limit set by the IRS guidelines.

FSAs (Flexible Spending Accounts) – Spending accounts for different kinds of eligible expenses of the employees or covered dependents.

HRAs (Health Reimbursement Accounts) – Funds owned by the employer and the employer contributes to. This is only available to employees who receive health care coverage from and employer.