EMPLOYEE BENEFIT PROGRAMS
Our members have access to health savings accounts, health reimbursement arrangements and many other options that can save you thousands of dollars a year by paying for employee benefits with pre-tax monies.
Our members have access to health savings accounts (HSAs), health reimbursement arrangements (Cafeteria and Medical Expense Reimbursement Plans), Golden Handcuff plans to recruit and retain key employees as well as owners and a variety of Qualified Retirement Plans utilizing the recently enacted US Department of Labor Multiple Employer Plans. In addition we provide Cost Segregation Services to enhance tax deductions for investment real estate and a variety of Tax Credit Programs that result in payments from the Federal Government to your company/ies. In addition we monitor and provide access to many other options that can save you thousands of dollars a year by paying for employee benefits with a combination of pre-tax and tax advantage monies.
"We provide the very best employee benefit program design, application and compliance services for the unique needs of our clients. We consistently set the standard for cutting edge, effective employee benefit program design, application and compliance services throughout the nation."
A flexible spending account (FSA) is an employer- sponsored benefit account that allows you to set aside pre-tax funds to help pay for eligible healthcare expenses. An FSA is a great tool to help you pay for healthcare costs not covered by your health plan.The bottom line: FSAs save you money. The contributions you make to an FSA are deducted from your pay check – before federal income, social security, and most state taxes. The end result is that you decrease your taxable income while increasing your healthcare-spendable income.
Reduce taxable income – pre-tax contributions result in a lower taxable salary
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Save on eligible healthcare expenses – Using pre-tax funds to pay healthcare expenses can save you hundreds. Offset rising healthcare costs and individual financial responsibilities A dependent care FSA (DCA) is a flexible spending account that allows you to set aside pre-tax dollars for dependent care expenses. Since DCA contributions are deducted from your paycheck pre-tax, your taxable income is reduced. Participants enjoy a 30% average tax savings on their annual DCA contribution.
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A flexible spending account (FSA) is an employer- sponsored benefit account that allows you to set aside pre-tax funds to help pay for eligible healthcare expenses. An FSA is a great tool to help you pay for healthcare costs not covered by your health plan.
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The bottom line: FSAs save you money. The contributions you make to an FSA are deducted from your pay check – before federal income, social security, and most state taxes. The end result is that you decrease your taxable income while increasing your healthcare-spendable income. FSAs help you:
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Reduce taxable income – pre-tax contributions result in a lower taxable salary
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Save on eligible healthcare expenses – Using pre-tax funds to pay healthcare expenses can save you hundreds
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Offset rising healthcare costs and individual financial responsibilities
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A dependent care FSA (DCA) is a flexible spending account that allows you to set aside pre-tax dollars for dependent care expenses. Since DCA contributions are deducted from your paycheck pre-tax, your taxable income is reduced. Participants enjoy a 30% average tax savings on their annual DCA contribution.
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Eligible Expenses
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Dependent care FSA funds cover care costs for your eligible dependents while you are at work:
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Before school or after school care (other than tuition)
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Custodial care for dependent adults
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Licensed day care centers
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Nursery schools or pre-schools
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Placement fees for a provider, such as an au pair
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Day camp, nursery school, or a private sitter
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Late pick-up fees
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Summer or holiday day camps
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Additional Benefits Include:
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Consumer Driven Plans (HSA & HRA)
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PPO & HMO Plans Dual Option Plan Designs
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Worksite Benefits
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Prescription Management Benefit Consultants
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Employee Assistance Programs
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Wellness Programs
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Business Travel Accident
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Identity Theft Coverage
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Claims Audits
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Cafeteria Plans
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Prescription Drug plans
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Flexible Spending accounts
The advantages of our employee benefit programs are far too numerous to cover in this small space, a member services representative can explain the entire program at enrollment. This benefit requires payment of a small additional fee to our benefit administrator to cover the extensive service and support required of the managed funds. However, the benefits are a hundred times this small cost!