Benefit accounts - also known as Consumer-Directed Healthcare (CDH) accounts - allow pre-tax money to be set aside for eligible expenses that might not be fully covered under traditional health plans. PlanSource offers fully managed tax-advantaged benefit accounts, including Health Saving Accounts (HSAs), Flexible Spending Account (FSAs) and Health Reimbursement Accounts (HRAs) that add value to your benefits program and reduce your payroll tax obligations.
What Are The Benefits of the Service?
With money that belongs to them, employees have more control over their healthcare
With flexible options, employers can attract all-star talent with compelling benefits
With higher pre-tax employee contributions, employers pay less in payroll taxes
What’s Included in the Service?
Request reimbursement and provide receipts
Online Account Management
View account balance and transaction history
Manage accounts and submit reimbursement requests
Contact Center Assistance
Get answers to questions about reimbursements, card status, etc.
Use one MasterCard for all benefit accounts
Request additional cards for eligible dependents
Calculate tax savings and access list of eligible expenses
Online FSA/HSA Store
Purchase OTC items at a discounted price with FSA and HSA dollars
What Types of Accounts Are Supported?
Health Care Flexible Spending
These plans allow employees to use pre-tax dollars to pay for medical expenses (full and limited purpose plans are supported).
Dependent Care Flexible Spending
These plans allow employees to use pre-tax dollars for child care, after school care, adult day care and summer day camps.
Parking and Transit Reimbursement
These plans allow employees to use pre-tax dollars for commuting-related expenses, and are popular in metropolitan areas.
Health Savings Accounts (HSA)
Employees with a qualifying High-Deductible Health Plan (HDHP) can use pre-tax dollars for medical expenses.
Health Reimbursement Arrangements
These plans are common with small employers and allow employees to use pre-tax dollars to pay for medical expenses.