Reduce your healthcare costs by participating in a Flexible Spending Account

FSA/HRA Administration

FSA HSA HRA Administration with Vbas

Nobody knows more about saving benefit dollars than Benefit & Risk Management Services. As a leading benefit administrator and healthcare risk manager, BRMS will help you develop and administer Flexible Spending, Health Spending and Health Reimbursement Accounts - tax-effective choices for managing health-related expenses to manage both your, and your employees' healthcare expenses.

Flexible Spending Accounts (FSAs)

FSAs offer tax advantages

With tax advantages for you, Section 125 of the Internal Revenue Code allows you to fund a Health Care Flexible Spending Account - a method of developing a spending account to pay for certain out-of-pocket healthcare or dependent care costs on a pretax basis.

Flex Spending Accounts (FSAs), allow employees to allocate pre-tax earnings to specific savings accounts designated by the IRS, you help reduce FICA tax for both of you.

Health Reimbursement Accounts (HRAs)

A Health Reimbursement Account (HRA) is a tax-advantage benefit that allows you to save on the cost of healthcare. With an HRA, your employer funds an account from which you are reimbursed for qualifies medical expenses, such as co-pays, deductibles, vision care, prescriptions, long-term care, medical insurance, chiropractic care, and most dental expenses. Over-the-counter drugs that are medically necessary may also be reimbursed through an HRA. You are not taxed on the reimbursements made to you.