- Flexible Spending Accounts (Healthcare Spending Accounts, Dependent Care Spending Accounts, IRS Section 125 Cafeteria Plans)
- Healthcare Reimbursement Arrangements (HRA IRS Section 105)
- COBRA Administration
- Self or partially funded vision and dental plans
- Healthcare Savings Account (IRS Code 223)
- Pension Plan Administration
- Commuter Transit and Parking Plans
- HIPAA compliant, web accessible claims reporting
- Personalized health and wellness plan design
- 24/7 Employer/Employee website access
| Eligibility / Participation |
MFSA |
HRA |
HSA |
| C Corp Owners |
Yes |
Yes |
Yes |
| Self Employed |
No |
No |
Yes |
| S Corp Owners |
No |
No |
Yes |
| Partners |
No |
No |
Yes |
| Individuals |
No |
No |
Yes |
| Requirements |
MFSA |
HRA |
HSA |
| Plan Documents |
Yes |
Yes |
No (if self-funded) |
| HDHP |
No |
No |
Yes |
| Form 5500 |
Yes (>100) |
Yes (>100) |
No |
| COBRA |
Yes |
Yes |
No (HDHP subject to COBRA) |
| Account Portability |
No |
No |
Yes |
| Claims Substantiation |
Yes |
Yes |
No (subject to IRS review) |
| Contribution |
MFSA |
HRA |
HSA |
| Employer |
Yes |
Yes |
Yes |
| Employee |
Yes |
No |
Yes |
| Account Funding |
Uniform Coverage |
Optional |
Accrual |
| Contribution Tax Treatment |
Pre-tax |
Excludable |
Pre-tax or deductible |
| Miscellaneous Information |
MFSA |
HRA |
HSA |
| Section 213d Medical Expenses |
Yes |
Yes |
Yes |
| Are permitted disbursements taxable income? |
No |
No |
No |
| Carryovers |
No |
Optional |
Yes |
| Are contributions deductible? |
Yes (Ee) |
Yes (Er) |
Yes (Contributor) |
* These are general guidelines and should not be used as legal/tax advice. Please see a professional to discuss further.
