Aflac WINGSPANSM health savings accounts (HSAs) and health reimbursement accounts (HRAs), provided by WageWorks®, allow you to make HSA- and HRA-qualified health insurance policies available to your employees while making administration of HSAs and HRAs easy.
While saving money by lowering employee taxable income, any contributions you make as an employer are not taxable, allowing for additional tax savings.
HSAs allow your employees to cover high medical expenses with pre-tax dollars. With accounts that roll over annually and are portable, your employees will enjoy greater control of their benefits.
HRAs are employer-funded and allow businesses to reimburse employees for qualified medical expenses. As an employer, you receive expense deductions for your payments, which could lead to substantial savings for your business.
Employees can use funds to help pay for qualified medical expenses that may not be covered by their health plan.
To learn more about Aflac WINGSPANSM HSAs and HRAs, call WageWorks at 1-888-342-3532.