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With health insurance costs continuing to soar, many employers have implemented innovative cost-control strategies centered around:

1. Health Savings Accounts (HSA)
2. Health Reimbursement Accounts (HRA)
3. Flexible Spending Accounts (FSA)
4. Voluntary Employee Benefit Association (VEBA)

Alliance Benefit Group has the consulting and administrative expertise to assist you with these contemporary health care solutions.  AND… our services can be partnered with any health insurance provider, giving you complete flexibility and portability.
 

Flexible Spending Accounts (FSA)

Alliance Benefit Group has been providing consulting and administrative services for IRC Section 125 programs for over 25 years, including:

• Premium-Only Plans
• Flexible Spending Accounts for:
  • Medical Expense Reimbursement
  • Dependent Care Expense Reimbursement
  • Limited-Purpose FSA for use in conjunction with an HSA
  • “True Cafeteria Plan”

 We offer a full range of Flexible Spending Account services, including:

• Plan Design
• Plan Consulting
• Plan Communication
• Claims Adjudication
• HSA / HRA Integration
• Payroll Integration
• Participant Debit Card
• Quarterly Participant Statements
• Annual Compliance Testing
• 5500 Preparation
• Participant Website

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Health Savings Accounts (HSA)

Alliance Benefit Group approaches Health Savings Accounts essentially as a cross between a Medical Reimbursement FSA and a 401(k) plan – both of which Alliance Benefit Group has over 25 years of experience in. 

We offer a complete range of HSA services, including:

• Plan consulting and design
• Participant debit cards
• Investment options from well-known mutual fund families
• Participant education material
• Enrollment services
• Claims processing
• Quarterly participant statements
• Payroll integration
• Capability for FSA integration
• Participant website
• Year-end tax reporting

The Alliance Benefit Group HSA is administered by our own trained professionals who understand employee benefits from both the employer’s and participant’s perspective.  

 Alliance Benefit Group HSA advantages include:

• Our HSA can be partnered with any qualifying High Deductible Health Plan from any insurance provider, making it completely portable when health insurance coverage changes.
• No minimum balance requirements.
• Competitive interest rate credit.
• Investment options available from dollar-one.
• Complete integration with our FSA services.
• One website for all your employees’ benefits needs – HSA, FSA, 401(k), 403(b), etc…

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Health Reimbursement Accounts (HRA)

Health Reimbursement Accounts encourage employees to become better health care consumers.  HRAs help retain valued employees by providing them with greater freedom of choice in planning health care needs.  In addition to giving them more discretion of how health care dollars are spent, it helps them manage their choices.  Greater “ownership” by employees can result in long-range cost control and enhanced program appreciation.
 

We offer a full range of Health Reimbursement Account services, including:

• Plan Design
• Plan Document Services
• Plan Communication
• Claims Adjudication
• Payroll Integration
• Flex / HSA Integration
• Participant Debit Card
• Quarterly Participant Statements
• Year-end “Participant Reminder”
• Annual Compliance Testing
• Preparation of Employer Status Reports
• 5500 Preparation
• Participant Website

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