The Preferred Group Offers:

FSAs (Flexible Spending Accounts)

 “Win, Win”

Allows an employee to save on medical, dental, vision, dependent day care and insurance premiums by using pre-tax dollars.

• Employees save 30% to 40% by using pre-tax dollars to pay for eligible expenses.
• Employers save 7.65% by not paying FICA taxes on all contributions made to the plan

HRAs (Health Reimbursement Accounts)

“Take Control of Health Care Costs”

HRAs can fund the first, middle or last part of the deductible or offset a change in copayment so the employee sees no change or increase in health care costs.

• The HRA is funded 100% by the employer
• Plan Design can allow unused funds to rollover to a subsequent year

Health & Welfare Trust Administration

“Flexibility and Cost Containment”

Self-funded benefit plans offer significant advantage over insured plans in both flexibility and cost containment.  Control your dental, vision, prescription drug, flexible supplemental health, legal and other benefits.

• Employees will have richer benefits at a lower cost.
• Employers can increase cash flow, offer flexible plan design and lower administrative costs.

CRAs (Commuter Reimbursement Accounts)

“Save money on your everyday Commute to Work”

Allows an employee to set aside pre-tax dollars and use them for work-related parking and mass transit expenses.

• Employees save 30% to 40% by using pre-tax dollars to pay for eligible expenses.
• Employers save 7.65% by not paying FICA taxes on all contributions made to the plan