Spending Accounts

Spending accounts are a great way to help your team save money on qualified medical expenses. And having your health plan and spending accounts in one place makes life easier — for everybody.
social determinants of health

Spending accounts made simple for you

Let’s streamline your health care solutions. Integration means that your company can get personalized help with your health plan and spending accounts from one team.

  • Get a one-on-one consultation to make sure everything is set up according to your business goals. 
  • Manage both your health plan and spending account administration from the same website. 
  • Quickly and accurately set up health savings accounts, flexible spending accounts, and health reimbursement arrangements. 
  • Get ongoing support from a dedicated team whenever you need it.

…and your members

Your team can also get a more streamlined health solution. Not only can they manage both their spending account and health plan in one place, but integration also makes paying claims easier.

  • Medical claims are automatically and accurately fed to their accounts. 
  • Payments can be made directly to providers or they can submit the claim themselves — no substantiation required. 
  • Debit card transactions are auto-substantiated for amounts equal to single or multiple copays coded during client set-up. 
  • Debit card transactions are systematically matched to available claims for auto-substantiation when possible.
social determinants of health

Find your spending account match

Every health plan should be paired with a spending account. This chart will help you find the right spending account for your business.

Health Plan Type

Employee Premium / Deductible

Employee Out-of-Pocket Expense

Spending Account Pairing

Qualified High-Deductible Health Plan

Low / High

Higher

Health Savings Account + Limited Purpose Flexible Spending Account

Traditional Plans

High / Low

Lower

Flexible Spending Account and Health Reimbursement Arrangement

Traditional Health Plan with Higher Deductible

Low / High

Higher

Flexible Spending Account and Health Reimbursement Arrangement

Great add-ons to any health plan

These spending accounts can be paired with any plan to help your employees pay for qualified transportation, child care, and even some adult care expenses.

  • Dependent Care Flexible Spending Account 
  • Commuter Benefits Account

Spending accounts: What’s the difference?

To see how different spending accounts are used, check out this chart.

HSA

HRA

FSA

Pay for deductibles/coinsurance/copays

Yes

Yes

Yes

Pay for dental/vision/prescriptions

Yes

Yes

Yes

Pay for dependent care

No

No

Yes

Account owned by

Members

You

You

Invest money for future expenses

Yes

No

Yes

Funded by

Members*

You

Members*

You are required to have a Qualified High-Deductible Health Plan

Yes

No

Yes

Money is transferable if you change jobs/change plans/retire

Yes

No

Yes

Can reduce your taxable income

Yes

No

Yes

Debit card available

Yes

No

Yes

* Employers may choose to contribute. The IRS sets different limits on contributions to HSAs and FSAs.

Let the savings begin

We're happy to walk you through which spending account options are right for your company.