Pay BillIncrease Savings. Increase Benefits.
Independent Health offers a variety of reimbursement accounts designed to help employers and employees optimize their health care spending. Our experts can help you enhance your employees’ benefits while delivering tax-saving advantages that may increase their take-home pay and positively impact your bottom line.
Health Savings Account (HSA)
Independent Health partners with HealthEquity,® the #1 HSA Administrator,* to offer an integrated Health Savings Account that is built into all qualified HSA-qualified (HSAQ) health plans.
- Employer benefit: Lower premium share
- Individual tax-advantaged bank accounts can be funded by the employer, employee or both
- Must accompany a High Deductible Health Plan (HDHP)
- Encourages economically sound choices in health care spending
- Employee benefit: Funds are owned by employee and accumulate year to year
Learn more at healthequity.com
*Source: 2024 Year-End Devenir HSA Research Report.
Flexible Spending Account (FSA)
- Employer benefit: Reduces FICA and federal unemployment taxes
- Low-cost way to enhance your employee benefits
- Employee benefits: Tax savings on approved health care spending and lower taxable income
- Employee funded on a pre-tax basis, including a debit card option for convenience
- Dependent Care Reimbursement Plan for employees to pay for eligible dependent care expenses on a pre-tax basis
Health Care Reimbursement Arrangement (HRA)
- Employer benefit: Claims paid are tax-deductible
- Customized, employer-funded account
- Flexible design choices, including a debit card option for convenience
- Employee benefit: Saves money on unreimbursed medical expenses
- Individual Coverage Health Reimbursement Account (ICHRA) is fully customizable to various segments of the employee population
Which ones are best for you? See our Reimbursement Account Comparison.
For More Information
New Employers: contact your Broker or our RedShirtsSM today at (716) 631-5392 or 1-800-453-1910, select option 4. Or email us at sales@independenthealth.com
Current Employers: contact your Broker or Independent Health Account Manager. Or email us at sales.administration@independenthealth.com