Tax-Favored Benefits

Tax-Favored Benefits image

Did you know that there are benefits that can save you money on taxes while helping pay for health or commuter expenses? Tax-Favored benefits do just that. The resources in this section are here to help you learn more about these tax-favored benefits and how they can help you.

Read

Transit & Parking Benefits
Commuter Benefits (also known as Qualified Transportation Benefits) are used to save participants money when they travel to and from work. Pre-tax coverage is available for...
Tax-Favored Benefits Comparison Chart
Benefit FSA HSA HRA Fun...
Cafeteria Plans
Cafeteria Plans are employer sponsored employee benefit plans that allow employees to elect certain qualified benefits on a pre-tax basis.  Authorized under Section 12...
Health Reimbursement Arrangements
A Health Reimbursement Arrangement (HRA) is an IRS approved tax-favored benefit, exclusively funded by the employer, which reimburses employees for qualified medical care e...
Health Savings Accounts
Since their creation as part of the 2003 Medicare Modernization Act, Health Savings Account s (HSAs) have become increasingly popular by employees who participate in High D...
Flexible Spending Accounts
A Flexible Spending Arrangement, commonly referred to as Flexible Spending Account or FSA, is an IRS approved mechanism to pay for eligible expenses with pre-tax dollars. &...

View

captivate icon
Flexible Spending Accounts: Myth vs. Fact
Learn about Flexible Spending Accounts by playing our fun Myth vs. Fact bowling game.

Subscribe Here!