Account types
We help you decide which accounts to offer and get them connected to the rest of your benefits.
- HSA (health savings account), paired with a qualifying high-deductible plan. The employee owns it and it rolls over.
- HRA (health reimbursement arrangement), funded by the employer, with rules you set.
- FSA (flexible spending account), funded through pre-tax payroll, generally use it or lose it.
Which one fits
An HSA works when you offer a high-deductible plan and want employees to save for health costs over time. An HRA lets you raise a deductible to lower premiums and then cover part of that deductible yourself. An FSA is a simple way to let employees set aside pre-tax money for expected expenses.
Some employers use more than one. We'll explain the rules, including which accounts can't be combined.
Administration
We can help you administer any of these accounts and connect them to payroll and your enrollment platform. If a carrier or administrator change means accounts need to move, we help transfer the funds so employees don't lose track of their money.
Explaining it to employees
These accounts are some of the least understood benefits we see. We cover them at enrollment with real numbers, and employees can call us with questions about what's eligible.