- Participant payroll deductions go into an account to pay for eligible medical expenses.
- Expenses include prescriptions, office copays, deductibles, coinsurance, vision expenses, dental expenses and more.
Why?
Participant Benefits
- Deductions are pre-tax reducing total taxable income.
- Save an estimated 30% on healthcare expenses each year.
- Have money when you need it most; especially during emergencies.
- Improves financial & mental wellbeing.
Employer Benefits
- Reduce FICA/Payroll taxes by 7.65% for every pretax dollar employees contribute.
- Improves recruiting, retention and engagement.