A Health Spending Account is a cost-effective alternative to health and dental insurance.
It is a special spending account established for your employees. The benefit is 100% tax free to your employees and 100% tax deductible for your business.
Identify custom classifications of employees. Each classification will receive a specific dollar amount for their spending account.
Select how much to offer each custom classification. For example, managers receive $1,500 and full-time employees $1,000.
A monthly contribution is deposited from the employer account and held in trust with Bright Benefits to fund employee claims.
(For a corporation with at least one arm’s length employee)