At Proficient Benefit Solutions, we bring experience, expertise and cost effective solutions to the Consumer Directed Healthcare (CDH) marketplace.
Administrative Solutions We Offer
Flexible Spending Account (FSA)
FSAs offer perks and savings for the employer and participants! Employers benefit from lower reported wages (FICA tax savings), enhanced overall benefits package, and improved employee engagement and satisfaction. Employees benefit from increased take-home pay (lower taxable income) and savings on qualified healthcare expenses. It’s truly a win-win benefit!
Health Savings Account (HSA)
Designed to be used with a HSA eligible health plan, HSAs offer perks and savings for the employer and participants! Employers benefit from lower reported wages (FICA tax savings), enhanced overall benefits package, and improved employee engagement and satisfaction. Employees benefit from three tax advantages: no taxes on contributions, no taxes on any interest earned, no taxes on withdrawals for qualified expenses.
Health Reimbursement Account (HRA)
HRAs offers certain advantages to employers and employees. By choosing a plan design with a higher deductible, the employer is able to reduce premium payments and save money. The HRA is then established to cover the difference between the former deductible and the new higher deductible amount. Ultimately, by coupling an HRA with a health insurance plan with a higher deductible, employers are able to reduce their health care costs in a way which keeps employees happy and places no extra financial burden upon the employees.
Administering COBRA and remaining in compliance with federal mandates requires an enormous investment in time, energy and resources and can become a difficult and time consuming task. At Proficient Benefit Solutions, we know COBRA. Let us use our time, energy and resources so that you don’t have to.
Interested in pricing? Send your proposal request here.