Blue Priority Flex plans can help you
manage your health care costs and reduce taxes for your company.
| |
Medical
Reimbursement |
Limited-Purpose
Medical Reimbursement |
Dependent
Care Reimbursement |
Premium-Only Plan |
| What It's For |
Eligible health care expenses not covered
under a health plan. |
Visions and dental expenses only. Most often used in conjunction
with a health savings account. |
Childcare or adult dependent care expenses during
working hours. |
Allows participants to pay certain insurance premiums with pre-tax
dollars. |
| Key Advantages |
- Taxable payroll reduced by amount of employee deferrals
- Employee tax savings
|
- Taxable payroll reduced by amount of employee deferrals
- Employee tax savings
|
- Taxable
payroll reduced by amount of employee deferrals
- Employee tax savings
|
- Taxable payroll reduced by amount of employee premium contributions
- Reduces
cost of group coverage
|
| Who Can Contribute |
Funded by employee deferrals and/or employer contributions. |
Funded by employee deferrals and/or employer contributions. |
Funded by employee deferrals and employer
contributions. |
Employee pre-tax premium contributions. |
| Services |
- Initial plan set up
- Integration with existing payroll protocol and health coverage
- Materials for initial and open enrollment
- Claims processing
|
- Debit card
- Plan documents and summary plan description maintained in legal
compliance
- Non-discrimination testing to ensure plan compliance
|
| Fees |
Initial set up and annual maintenance fee. Per participant
fee. |
