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Spending Account Administration
The CIP Group establishes a relationship directly with your employees, bridging the gap between outside providers and internal staff.
Through easy administration, orientation, and communications services, we oversee all aspects of managing employee benefits—reducing costs and adding value.
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HRA’s, FSA’s, and HSA’s are all accounts used to save on taxes and
pay for qualified medical expenses.
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Now that you’ve seen the abbreviations, do you know what they mean?
Health Savings Account (HSA)
HSA's can act as personal savings account with money inside being used for health care expenses. It is important to note the money is owned and controlled by the employee - not their employer.
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