As consumers assume more financial responsibility in their healthcare decisions, it’s important to provide them with tools to help them save and pay for healthcare costs as effectively as possible. Here’s how we make that achievable.
Health Reimbursement Arrangement (HRA)An HRA allows you to offset the cost of rising healthcare by using unique forms of funding like unused sick leave and unused vacation pay. Combined with our flexible plan designs and ease of administration, you can provide an impactful benefit to employees, free from stress and financial worry. |
Flexible Spending Account (FSA)An FSA allows employees to set aside money on a pre-tax basis to pay for eligible medical expenses tax-free throughout the year. Employees determine how much or how little they contribute, giving them the freedom to control their plan. |
Other Post-Employment Benefits (OPEB) TrustAn OPEB Trust allows the employer to set aside money to fund future liabilities, minimizing the impact of these liabilities. At MidAmerica, we handle the administration, compliance and monitoring of the trust account, helping employers rest easy when it comes time to fund post-employment benefits. |