One of the easiest ways to stay competitive in the hiring world is offering amazing benefits for your employees. But with the high cost of health care and lack of knowledge of your plan options, you might find this low on your priority list.

If you haven’t explored the consumer driven health care (CDH) trend, now is your time. What started as an industry buzz word has become a budget-friendly benefit offering you can’t ignore.

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are two elements that make up part of CDH. Both pre-tax benefits function similarly but do have distinct differences on factors like contribution limits, fund availability and rollover limits.

But don’t worry – we’ve broken it all down for you.

PrimePay teamed up with the FSA Store to take you on a shopping trip that can actually save you money. View the infographic below for details on eligibility, deadlines and more.

Click the infographic to share it on Twitter!

[Infographic] HSAs & FSAs: When Shopping is the Best Medicine

Click to Tweet these facts!

#DYK? #FSA pre-tax contributions reduce taxable income. More CDH stats from this #infographic: http://bit.ly/2l1nrew via @PrimePay & @FSAStore #healthcare

Contributions, qualified distributions & interest earned on #HSAs are #tax-free. More: http://bit.ly/2l1nrew #infographic via @primepay @FSAstore

Fun #healthcare fact: FSAs were established in 1978 & HSAs in 2003. More: http://bit.ly/2l1nrew via @PrimePay & @FSAstore #infographic

To view a list of eligible items to use your FSA dollars on, click here.

Be sure to share with your employees so they know how to make the most out of their plan. If you don’t already have one, contact us today! When you choose pre-tax benefit plans from PrimePay, you’ll also benefit from:

  • Efficient online client support
  • Transparency regarding claims turnaround time
  • Phone metrics

Click here to contact us and to get started!