Personal funding accounts offer your business a consumer-driven approach to improving the bottom line—combining quality healthcare coverage with a choice of tax-advantaged healthcare spending accounts.
Personal funding accounts:
With LifeWise, you can provide personal funding account options with the following key features to make the transition smooth and maximize the effectiveness:
LifeWise offers the following personal funding account options. After choosing your group benefit plan, you may pair it with one or, in some instances more, of the following:
HSAs are employee-owned, tax-advantaged, fully portable accounts that work in combination with a qualified, high- deductible health plan. With an HSA, employees will have the opportunity to:
Review this HSA solution flyer
FSAs are employer-sponsored, tax-advantaged healthcare spending accounts that members can use to pay for eligible expenses. Here are a few things to know about FSAs:
Review this FSA solution flyer
If you have additional questions regarding funding arrangements, please contact us.
This material is not intended to be tax or legal advice. The reader should consult with his or her own tax advisor to determine the tax implications of purchasing the products discussed herein. Advice, if any, included in this material was not intended or written by LifeWise to be used, and it cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer.