Section 125, HSAs, HRAs, and FSAs
Tax implications are a concern for both employers and employees. There is a persistent need for better advice on options that may reduce tax burdens and help save for future medical costs.
HAWK’s Benefit Advisers will help you examine your options including:
- Section 125
- Health Savings Accounts (HSAs)
- Health Reimbursement Accounts (HRAs)
- Flexible Spending Arrangements (FSAs)
The idea is to pay or fund each account or plan with pre-tax dollars. As with most benefit plans, there are compliance issues that should be discussed before implementation.
Start a conversation with a HAWK Benefits Adviser for a clearer picture on healthcare reform and employee benefit plan administration for your employees.