Enables retired employees to use funds to pay for premiums and expenses during retirement.
Expenses determined by employer and typically cover out-of-pocket medical, dental and vision expenses.
Why?
Participant Benefits
Offset medical expenses that typically have a higher deductible.
Employer-funded and don’t pay taxes on employer contributions.
Attractive to Boomers since it reduces unexpected healthcare costs and improves budgeting.
Employer Benefits
All contributions are tax-deductible.
Employer determines requirements.
Improves recruiting, retention and engagement.