- Available to employees who elect the group health insurance as a supplement to help with their out-of-pocket healthcare costs.
- Expenses are determined by the employer, typically medical deductible/coinsurance.
Why?
Participant Benefits
- Way to offset medical expenses that typically have a higher deductible.
- Employer-funded and don’t pay taxes on employer contributions.
- Funds can be invested with tax-free earnings.
- Improves financial & mental wellbeing.
Employer Benefits
- All contributions are tax-deductible.
- Improves recruiting, retention and engagement.