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How HRAs Can Help Your Employees Pay for Medical Expenses

InterWest Insurance Services

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Employers fund these accounts, which reimburse your staff for qualified medical expenses and, in some cases, insurance premiums.

Medical 98
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FSA eligible expenses — what purchases count?

Business Management Daily

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Here is what you need to know to figure out if an expense is FSA eligible.

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Executive benefit reimbursement plans

Higginbotham

Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. They have to pay a deductible. Comparing HRAs, HSAs and FSAs.

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16+ types of employee benefits you should consider

Genesis HR Solutions

Vision Insurance. Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. Flexible Spending Account (FSA). An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP).

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How to offer health insurance as a small business

Higginbotham

Glassdoor surveyed workers and found that when choosing between a high-paying job and a low-paying job with better benefits, health insurance and flexible hours could spur them to pick the lower-paying job with better benefits. Dental and vision insurance. Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSA).

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

The main oversight: Ruling out HSA-qualified plans. First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Health Savings Accounts. High-deductible health plans.

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

The main oversight: Ruling out HSA-qualified plans. First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Health Savings Accounts. High-deductible health plans.