716.688.5600

Reimbursement Accounts

Reimbursement Accounts

Premier Consulting Associates has experience with helping employers set up, manage and maintain reimbursement and flexible medical spending accounts for their employees. Learn about the different types of reimbursement accounts available for your health plan below.

Flexible Spending Account (FSA)

A benefit that allows employers to deduct money pre-tax out of an employee‘s paycheck to assist in paying for out-of-pocket health care expenses. An FSA can also be set up for dependent and transportation expense assistance.

Health Care Expenses

Submissions can include office visit or prescription copays, coinsurance and deductibles on a health plan, dental and vision expenses, as well as prescribed over-the-counter medications.

Dependent Care

Allows employees to set aside dollars to assist with certain child care expenditures for their dependents. This is a convenient and cost-effective way to provide for day care, after-school programs and pre-school expenses.

Transportation Reimbursement Plan

Alleviates employees of high-cost commutes via pre-tax parking, van pooling and mass transit pass programs.

Health Care Reimbursement Account (HRA)

An employer-maintained account that reimburses employees for qualified medical care expenses.

Health Care Savings Account (HSA)

A tax-exempt trust or custodial account created to pay for employee and dependent qualified medical expenses.

Click here to learn more about what Premier can do for you.

Association of School Business Officials New York
Society for Human Resource Management
Society of Professional Benefit Administrators
Self-Insurance Institute of America, Inc.
Premier Consulting Associates Logo

1416 Sweet Home Road
Suites 5 & 6
Amherst, NY 14228

716.688.5600

News & Views

Understanding Stop Loss and Self-Funded Health Plans

There are many factors that administrators of group health plans consider when evaluating different programs or benefit packages. Each organization – a school, a municipality, a private sector employer or a not-for-profit organization – has different needs. An...