Health Savings & Flexible Spending Accounts

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) can enhance an employee benefits package by allowing them to save and set aside pre-tax money for out-of-pocket healthcare expenses. Maximize your employee benefits package with the added advantage of HSA & FSA, empowering your team to proactively save for their out-of-pocket healthcare needs.

Health Savings Accounts (HSA)

  • Contribute pre-tax dollars to your HSA, a portable account to use tax-free withdrawals for qualified medical expenses.
  • Covers deductibles, copayments, and certain medical services not covered by insurance
  • Stays with you, even if you change employers or health plans

Flexible Spending Accounts (FSA)

  • Explore the advantages of contributing pre-tax dollars through payroll deductions to your FSA.
  • Use these funds for eligible medical expenses such as deductibles, copayments, prescription medications, and select over-the-counter items
  • “Use-or-Lose” Rule: FSA funds must be spent within the FSA’s plan year. Unused funds are forfeited to the plan

Investing in your employees’ health is an investment in your company’s success. HSAs and FSAs are powerful tools that can help your employees manage healthcare costs and prioritize their well-being. We understand navigating these options can be confusing. That’s why we’re here to guide you through the intricacies of an FSA and HSA for employees. Ensuring you can offer the right program to fit your company’s needs and your employees’ goals.

Let’s work together to create a plan that empowers your team to take charge of their health. We’ll explain the key differences between an FSA and HSA for employees, helping you choose the program that best aligns with your health insurance offerings and employee demographics. By offering HSAs and FSAs, you’re providing your employees with a tax-advantaged way to save for qualified medical, dental, and vision expenses. This translates to a more financially secure workforce and a culture that prioritizes preventive care and overall health.