Benefit Services

Some people clip coupons or browse the clearance rack without batting an eye. But when it comes to health care, we tend to not think twice about our options. PrimePay helps with administration of consumer driven benefits for your company, no matter the size or choice of plan.

This employee owned and funded pre-tax plan can be paired with limited-purpose or post-deductible FSAs or HRAs. Employers can also make contributions.

Money contributed to an HSA can be used tax-free for qualified medical expenses. 

Those enrolled in a Qualified High Deductible Health Plan (QHDHP) and not covered by any other insurance for health expenses qualify for an HSA. The money in the plan can be used for common medical expenses and since there’s no annual rollover limit, employees can quickly accumulate a significant balance in their HSA.

Thirty-five million. That’s the number of current FSA plans in the U.S. It's no secret - flexibility is key when it comes to health care. 

An FSA is a consumer driven health plan option funded by the employee, but can be funded by the employer. The account is owned by the employer, while funds are owned by employees. With this tax-advantage plan, employees put money into an account to pay for qualified expenses. 

HRAs are owned and funded by you, the employer. With this tax-advantage plan, money is available to reimburse employees for out-of-pocket, qualified, medical expenses. Plus, if you have a QHDHP, you may offer a post-deductible HRA with your HSA account. 

Employer funds are available at the start of the plan year. HRAs can also establish a prorated monthly amount for the total annual funds available.

Premium only plans (POP), also referred to as Section 125 Plans, are part of the IRS Section 125 code that helps make benefit programs more affordable for your employees.

In order for the consumer driven health plans that you offer to be tax deductible, you need a POP.

POP is the avenue that allows your employees to pay their employee benefit plan premiums with tax-free dollars. Plus, employers don't have to pay FICA/FUTA taxes on the money that employees use toward their group health plan premiums.

POP administration is included in our Flexible Spending Account (FSA) documents and is FREE with our HSA administration. Our goal is simplify the benefits process for you – and this is just one way we do it!

And save a little money in between. PrimePay’s retirement solution and its Online Payroll integration can potentially save you hundreds in plan administration fees. 

Our investment options were chosen with you in mind. Here’s a little taste of our offerings:

• 401(k)
• SIMPLE IRA
• Defined Benefit Pension
• Profit Sharing
• 403(b)
• 457

PrimePay’s solution includes a pre-screened menu of investment choices selected from thousands of options.

Integrating your retirement plan with our Online Payroll solution makes sense. Aside from lessening admin fees, we: