As healthcare costs continue to climb, finding ways to offer affordable health benefits to your employees is a persistent challenge. Now, your clients can help their employees save money on out-of-pocket health care expenses with a Health Savings Account (HSA) from isolved Benefit Services.
An HSA is a tax-advantaged savings account that is used in combination with a High Deductible Health Plan (HDHP) and gives employees a simple way to manage health care costs. They can use the HSA funds to cover qualified medical expenses.
isolved HSA Administration helps…
Offer your employees the opportunity to cover healthcare costs with pretax money by offering an employer-sponsored flexible spending account (FSA). Because contributions to an FSA are deducted before income taxes are applied, your employees save money on taxes. In addition, there are significant tax advantages to you as the employer.
isolved FSA Administration helps…
Health Reimbursement Arrangements (HRAs) come in many shapes and sizes. When an employer promises to reimburse employer-defined, eligible, out-of-pocket medical expenses incurred by their employee or their employee’s dependents, many iterations can result. And they do.
While most employers use an HRA to offset their employees’ higher deductible, some use HRAs as a stand-alone dental, vision or retiree plan. And depending on how an HRA is used, there are requirements to adhere to.
isolved HRA Administration helps…
