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FSA & HRA Products
Control medical costs from year to year
Offering Health Reimbursement Arrangements (HRAs) and Flexible Spending
Accounts (FSAs) to your employees gives them incentive to become better, more
informed healthcare decision-makers, which may lower medical cost trends
overtime – helping to minimize premium increases in future years. Employees who
understand their annual healthcare and dependent care expenses and how to use
the accounts wisely can significantly lower their out-of-pocket expenses and
have a positive financial impact on your bottom line as well.
Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts are
just two of the ways that PHP Management Systems can help you optimize your
benefit plan and lower your tax cost. Click here for a comparison chart of several consumer driven plans that PHP offers. We can assist your company with selecting
a healthcare plan, providing master plan documents, educating employees and
providing total plan administration including all required forms.
Flexible Spending Account (FSA)
FSAs give employees another way to lower their out-of-pocket costs. In
addition, employee contributions to these accounts can also lower your payroll
taxes.
Healthcare FSA - Your employees set aside pre-tax payroll deductions to
cover qualified expenses that:
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May not be reimbursed by the health plan
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May not be reimbursable under the HRA or other reimbursement plans (where
applicable)
Dependent Care FSA - Your employees set aside pre-tax payroll deductions
to cover eligible dependent care expenses such as daycare and preschool costs
that are then reimbursed from their account.
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Health Reimbursement Arrangement (HRA)
Used as part of the total healthcare solution, HRAs work in conjunction with
any health plan to give you the advantage of lower healthcare premiums and tax
savings since HRA reimbursements are 100% tax deductible.
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If you choose a health plan with higher deductible amounts such as $1,000 -
$5,000, you may save additional premium costs
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Premium savings from these health plans are often more than enough to fully
fund HRA reimbursement costs
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Product Brochures
| HRA & FSA Employer's Guide |
HRA & FSA Frequently Asked Questions |
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