Healthcare - HRA

Healthcare Premium (NESP) Account

  • Allows employees to contribute into an account that pays health insurance premiums.
  • Expenses include health/dental/vision insurance premiums.


Participant Benefits

  • Way for an employee to pay insurance premiums via pre-tax payroll deductions.
  • Deductions are pre-tax reducing total taxable income.
  • Improves financial & mental wellbeing.

Employer Benefits

  • Improves recruiting, retention and engagement.
  • Compete with companies that do offer GHP.
  • Reduce FICA/Payroll taxes by 7.65% for every pretax dollar employees contribute.