Benefits Strategy

What Is a Health Reimbursement Account (HRA) and Should Your Company Offer One?

In today’s uncertain economic landscape, employee benefits have become an essential part of compensation packages. A good benefits package can set an organization apart from others when trying to attract and retain top talent. Health and wellness benefits are exceptionally common offerings as companies understand the value of fostering a healthy and thriving workplace. Alongside Read more…

Benefits Strategy

What is a Health Savings Account (HSA) and How Does It Work?

Are you interested in using pre-tax dollars to cover your healthcare expenses? If so, a Health Savings Account could be the answer. A Health Savings Account is a type of employee benefit that helps you save money on eligible health care expenses. It is commonly offered as an employee fringe benefit. When used effectively, this Read more…

Benefits Strategy

What is a Flexible Spending Account (FSA) and How to Make the Most of It

In 1978, an unlikely combination of tax reform legislation and a desire to save on medical costs gave rise to the Flexible Spending Account (FSA), a key employee fringe benefit still commonly used today. For most individuals with employer-funded health plans, a flexible spending account is a flexible spending arrangement where employees enjoy pre-tax savings Read more…

Workplace Wellness

What are Today’s Biggest Population Health Issues and How Can Organizations Help Mitigate Them?

Historically, the healthcare system in the US has been all about numbers. Simply put, the more services provided to patients (visits, procedures, hospital admissions, prescriptions), the more healthcare providers get paid. However, we’ve recently seen a marked shift from fee-for-service models to value-based care as more organizations look to tackle population health issues on a Read more…