Choosing just the right benefits package for your company can be an incredibly daunting challenge. As healthcare and insurance costs continue to rise, you must be constantly on the lookout for healthcare options that help you and your employees contain costs.
Benefit Extras, Inc. offers flexible, easy-to-use HSA, HRA, and FSA healthcare accounts. These accounts are not created equal and it is our job to help you and your employees understand the differences. While it can be a confusing maze of information to sort through, our healthcare account solutions platform offers online forms, reports and secure self-service portals, delivering high consumer satisfaction and valuable insight to employers and employees.
The laws related to COBRA administration can be time-consuming and stressful. To assure an employer’s compliance with the complexities of COBRA law, let Benefit Extras handle the paperwork for you. Benefit Extras will provide all required notices, provide communication with the insurance carriers, calculate and collect COBRA premiums and be a quality resource.
Employees bring a wide variety of skills and life experiences to help make a business successful and they have an equally wide variety of needs when it comes to choosing their benefits. Some need to care for their spouse and children, others are saving for their retirement and others dream of a fantasy vacation to the shores of Tuscany.
Benefit Extras can help each of your employees get exactly what they need! Our interactive online calculators and web portal allows them to manager their healthcare accounts while providing the greatest tax savings at the lowest costs. We are available to answer questions regarding COBRA or any of the tax advantaged accounts and will work with your employees to find the choices that work best for them. Whether their goal is to care for their families immediate needs, save for retirement or provide for their dream vacation, we can make it all happen for you and your staff.
A Cafeteria Plan is a reimbursement plan governed by IRS Section 125 which allows employees to contribute a certain amount of their gross income to a designated account or accounts before taxes are calculated. A Healthcare Flexible Spending Account (HCFSA) is a special account you put money into that you use to pay for certain out-of-pocket health care costs. You don't pay taxes on this money. This means you'll save an amount equal to the taxes you would have paid on the money you set aside. A Dependent Care FSA (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services, such as preschool, summer day camp, before or after school programs, and child or adult daycare.
A Health Savings Account (HSA) is a tax-advantaged medical savings account available to US taxpayers who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal income tax at the time of deposit. Unlike Flexible Spending Accounts (FSAs), HSA funds roll over and accumulate year to year if they are not spent. HSAs are owned by the individual, which differentiates them from company-owned Health Reimbursement Arrangements (HRAs) that are an alternate tax-deductible source of funds paired with either HDHPs or standard health plans. HSA funds may currently be used to pay for qualified medical expenses at any time without federal tax liability or penalty.
Tax-free commuter benefits, also known as qualified transportation fring
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires most employers with group health plans to offer employees the opportunity to continue temporarily their group health care coverage under their employer’s plan if their coverage otherwise would cease due to termination, layoff, or other change in employment status (referred to as “qualifying events”).
We strive to be friendly, courteous, and responsive to our customer... You!
About Benefit Extras
Founded in 1999, Benefit Extras has built its tax-advantaged plans client base to 500 employer groups (10,000+ members) and its COBRA client base to approximately 1000+ employer groups, representing both private and public-sector employees. Our current book of business includes COBRA, Flexible Spending Accounts (including Limited FSAs), Parking & Transit Plans, Health Reimbursement Arrangements and Health Savings Accounts. Benefit Extras strives to provide courteous, timely and professional customer service to our clients.