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CONSUMER DIRECTED HEALTH ACCOUNTS ENCOURAGES EMPLOYEES TO TAKE A MORE ACTIVE ROLE IN THEIR HEALTH CARE DECISIONS AND PROVIDES SAVINGS TO BOTH YOU AND YOUR EMPLOYEES. Health Savings Account with Vendor Integration The complexity of the health care system can make it difficult for employees to make informed decisions about their health care spending, leading to financial strain and delayed care. A health savings account enables them to save, invest, and spend funds for qualified medical expenses on a tax-advantaged basis. By combining a high-deductible benefit plan with a portable HSA, employees are encouraged to be more informed health care consumers and spend their health care dollars wisely when using our cost-estimator tools. HSA%u2019s offer triple tax savings to your employees; contributions are tax deductible, growth through interest and investments are not taxed, and distributions for qualified medical expenses are tax-free. When making contributions through payroll, you save on FICA taxes, and any contributions you make are tax-deductible, essentially paying for the benefit.We partner with three best in class HSA administrators, HealthEquity, HSA Bank and Flexible Benefit (Flex), who provide comprehensive and targeted year-round education. Additional advantages of utilizing our preferred vendors include: %u2022 Discounted pricing%u2022 Enhanced integration with claims processing and customer service %u2022 Improved digital experience with the ability to view HSA balance and transaction history on Blue Access for Members Flexible Spending Account with Vendor IntegrationThe cost of medical expenses continues to rise, leading to potential financial hardship and stress for employees. A flexible spending account offers employees the advantage of a pre-tax spending account, helping them pay for out-of-pocket health care costs not covered by their plan benefits. Funds can be used for insurance copays, deductibles, specific over-the-counter health care products, and some dental and vision care costs. Through our partnerships with HealthEquity, HSA Bank and Flex, debit cards are available to easily access funds. Claims feeds are shared with our vendors for hassle-free reimbursement and claim substantiation. Single sign-on and web services are also available for select vendors. We offer a variety of FSAs through our preferred vendors including:%u2022 Health Care FSA with optional grace period or rollover%u2022 Limited Purpose FSA %u2013 offered alongside an HSA to pay for dental and vision expenses%u2022 Dependent Care FSA %u2013 used to pay for child or elder careHealth Savings Accounts, Flexible Spending Accounts and Health Reimbursement Arrangements