Aflac WINGSPANSM health savings account (HSA) and health reimbursement account (HRA) programs, provided by WageWorks®, allow your clients to make HSA- and HRA-qualified health insurance policies available to their employees while making administration of savings accounts and reimbursement arrangements easy.
While saving money by lowering employee taxable income, any contributions your clients make as an employer are not taxable, allowing for additional tax savings.
HSAs allow your clients’ employees to cover high medical expenses with pre-tax dollars. With accounts that roll over annually and are portable, their employees will enjoy greater control of their benefits.
HRAs are employer-funded and allow businesses to reimburse employees for qualified medical expenses. Your clients receive expense deductions for their payments, which could lead to substantial savings for their business.
Your clients’ employees can use funds to help pay for qualified medical expenses that may not be covered by their health plan.
To get more information about Aflac WINGSPANSM HSAs and HRAs, have your clients call WageWorks at 855-299-4385.