Offer Tax-Advantaged Programs
like HSAs, HRAs, and FSAs
Add value and reduce your payroll tax obligations by providing integrated flexible spending accounts, health savings accounts or health reimbursement accounts. Through expert benefit account administration, you’ll help employees set aside pre-tax money to use for qualified medical expenses. BSG will work with you to create strategic ways to minimize costs for the company and for employees by implementing these programs.
Health Savings Account (HSA) – A HSA works in conjunction with a high deductible health insurance policy. With this policy, the IRS allows participants to set aside pre-tax money into a Health Savings Account to utilize for healthcare expenses.
Health Reimbursement Account (HRA) – A HRA is a strategic way for employers to offer a higher deductible health plan at a lower cost. The employer funds a reimbursement account for employees’ out of pocket expenses.
Flexible Spending Account (FSA) – A FSA is an employer-sponsored plan that allows participants to set aside pre-tax dollars to pay for IRS qualified healthcare, dependent care, and transit and parking expenses.