Put health care in the hands of your employees.
Health savings accounts (HSAs) and Health Reimbursement Arrangements (HRAs) have quickly become cornerstones of many employee benefits packages because they can offer a more cost-effective and customized health care benefit to employers and their teams than traditional health care plans.
Our specialists and advisors can provide independent, practical advice on how these innovative programs can benefit your business and your employees.
Health Savings Accounts
HSAs can help you reduce the cost of your employee health insurance benefits. In an HSA program, you provide a government-approved base health insurance policy with a high deductible for all medical procedures. Owned by the employee, an HSA is a special bank account that allows participants and employers to make pre-tax contributions to be used specifically for approved medical expenses. Your employees keep whatever money remains at the end of the year, helping them save for the future and take care of their health.Health Reimbursement Arrangements
HRAs are employer-sponsored plans owned by the organization. By enrolling in an HRA program, you can purchase a health insurance plan with a very high deductible, significantly reducing premium costs. To cover unreimbursed medical expenses, the money saved can be allotted to your employees on an “as needed” basis. Unused benefits remain in your budget to reinvest in your business or pay toward other employee benefits.Find your growth. Let us help.
Schedule a no-cost meeting with one of our advisors and start building a comprehensive plan that truly supports your goals.
