Employee Spending & Savings Accounts

Employee Accounts-image

Employee Spending and Savings Accounts

Tax Savings for Your Team and Your Business

Spending and savings accounts let employees set aside pre-tax dollars for eligible expenses like healthcare, dependent care, and commuting, lowering their taxable income while creating savings for both your team and your business.

Flexible Account Solutions

Tax Advantaged Account Options

Explore the account types that reduce taxes, support employees, and strengthen your overall benefits strategy.
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Health Savings Account (HSA)

A tax advantaged account for employees on high-deductible plans, helping cover medical expenses while building long-term savings that roll over year to year.
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Flexible Spending Account (FSA)

Lets employees set aside pre-tax dollars for medical expenses, reducing taxable income, with the full annual amount available from day one.
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Limited Purpose FSA (LPFSA)

Covers dental and vision expenses while preserving HSA eligibility, helping employees stretch their tax savings across more of their healthcare costs.
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Dependent Care FSA (DCFSA)

Lets employees use pre-tax dollars for childcare and dependent care expenses, easing the cost of care while supporting working families.
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Health Reimbursement Arrangement (HRA)

An employer funded account that reimburses employees for eligible medical expenses, giving you flexibility in plan design while helping manage your healthcare costs.
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Commuter Benefits Program

Lets employees use pre-tax dollars for transit and parking, making the daily commute more affordable while lowering their taxable income.

Tax Saving Benefits

A Benefit That Pays for Itself

Lower your costs while boosting employee take-home pay.
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For Employers-icon

For EmployersPayroll Tax Savings

For Employers

Payroll Tax Savings

When employees contribute pre-tax, you save on payroll taxes like Social Security and Medicare, lowering your overall benefit costs.

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Increase Employee Take-Home Pay-icon

For EmployeesMore Take-Home Pay

For Employees

More Take-Home Pay

By using pre-tax dollars for everyday expenses, employees lower their taxable income and keep more of each paycheck.

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Coverage Overview

What These Accounts
Help Cover

How tax-advantaged accounts cover everyday expenses while improving savings and financial flexibility.
Coverage Overview Guide-image
From medical costs and dental and vision care to dependent care and commuting, these accounts cover a wide range of everyday expenses. Using pre-tax dollars makes those expenses more affordable while leaving employees with more of their income.

How it Works

How These Accounts Work

A simple process that lets employees set aside pre-tax dollars, cover everyday costs, and keep more of their pay.
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Pre-Tax Contributions

Employees set aside part of their income before taxes, lowering their taxable earnings and putting pre-tax dollars toward eligible healthcare, dependent care, and commuting expenses throughout the year.

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Use Funds Easily

Employees use their account to pay for approved expenses like medical bills, childcare, or commuting, making everyday costs easier to manage and more affordable.

Ongoing Financial Support-icon

Ongoing Financial Support

Using pre-tax income helps employees reduce overall tax liability, increase take-home pay, and make essential healthcare, dependent care, and daily expenses more affordable year-round.

Why Businesses Choose
Tax-Advantaged Accounts

Smart benefits that lower costs for you and increase take-home pay for your team.
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Reduce Payroll Taxes and
Improve Business Savings

Lower your tax liability through pre-tax employee contributions across a range of account options.

When employees contribute through pre-tax accounts, you reduce payroll tax obligations like Social Security and Medicare, creating savings that can help offset administrative costs and improve your overall financial efficiency.
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Increase Take-Home Pay Without Raising Salary Costs

Help employees keep more of what they earn, without adding to your payroll.

These accounts let employees use pre-tax dollars for everyday expenses like healthcare, dependent care, and commuting. The result is lower taxable income and more take-home pay for your team, all without raising salaries.
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Offer High-Value Benefits That Fit Your Budget

Add meaningful benefits that improve the employee experience without straining your budget.

These accounts are simple to set up and cost effective, delivering real value for employees while helping you strengthen your benefits package with little added expense.

Helpful Answers

Common Questions About Tax-Advantaged AccountsClear answers to help you understand how these accounts work.

1. Do these accounts cost my business much?
Very little. Small admin fees apply, but payroll tax savings often offset most or all of them.
An HSA pairs with a high deductible plan, rolls over yearly, and is employee owned. An FSA is more flexible on plan type but generally use it or lose it.
Pre-tax dollars stretch further than salary. Employees keep more per dollar, and you save on payroll taxes.
No. A third-party administrator handles contributions, claims, and compliance, keeping your team’s effort minimal.

Benefits Consultation

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Explore More Options

Explore Other Employee Benefit Solutions

Discover additional coverage and solutions for your business and your team.
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Medical

Dental-Vision-image

Dental & Vision

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Life & Disability

Voluntary Supplemental-image

Voluntary / Supplemental

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Professional Employer
Organization

Still Have Questions?

Let’s Find the Right
Benefits for Your Team

Whether you have questions or need guidance, our team is here to help you choose the right solution for your business.