Spending Accounts for Employers

Spending Accounts Solutions for Employers

Find the best Consumer-Directed Health (CDH) programs to fit your employees’ needs.

Our offerings are flexible and easy-to-use. They help you control costs while still offering attractive, cost-saving benefits to your employees. Streamline HR believes the customer comes first. We provide best in business service to not only you as an employer, but to your employees as well. Our commitment to industry-leading technology allows for efficient and worry-free service.

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Our Solutions

Health Savings Account (HSA)

An HSA is a tax-advantaged savings account that is used in combination with a High Deductible Health Plan (HDHP). It gives your employees a new way to manage healthcare costs. They can use the HSA funds to cover qualified medical expenses – from co-payments at the doctor’s office to pharmacy bills, dental care, vision care, and more.

Health Reimbursement Arrangement (HRA)

Health Reimbursement Arrangements (HRAs) are employer-funded group health plans from which employees are reimbursed tax-free for qualified medical expenses up to a fixed dollar amount per year. Unused amounts may not be rolled over to be used in subsequent years. The employer funds & owns the arrangement.

Flexible Spending Accounts (FSA)

With an FSA, you elect to have your annual contribution deducted from your paycheck each pay period, in equal installments throughout the year, until you reach the yearly maximum that you determined. The amount of your pay that goes into an FSA will not count as taxable income, so you will have immediate tax savings. FSA dollars can be used during the plan year to pay for qualified expenses and services.

Commuter Benefits

Qualified Transportation Accounts (QTAs) allow employees to set aside pre-tax funds for eligible transit and parking expenses related to their commute to work. If the employee has both a parking account and a transit account, each account is entirely separate, and funds cannot be transferred from one to the other. Transit and/or parking benefits are limited to employee work-related expenses only.

The trust that our employer and consumer customers place in us by choosing us as their administrator and storing their data on our platform is not something that we will ever take lightly.

We offer secure, 24/7, self-service web and mobile applications for employers allowing you to deliver timely, high quality service to your employees. They can be branded with your company name, logo, and customized colors to enhance your corporate image.

The Employer Portal is a HIPAA-compliant, user-rights based live interface that empowers HR staff with secure, easy-to-use, role-based access to convenient, self-service options. You can access reports, employee data updates, imports, and automatically generated alerts, notifications, and statements.