The CIP Group establishes a relationship directly with your employees, bridging the gap between outside providers and internal staff. Through easy administration, orientation, and communications services, we oversee all aspects of managing employee benefits—reducing costs and adding value.
HRA’s, FSA’s, and HSA’s are all accounts used to save on taxes and pay for qualified medical expenses. Now that you’ve seen the abbreviations, do you know what they mean?
HSA’s can act as personal savings account with the money inside being used for health care expenses. It is important to note the money is owned and controlled by you — not your employer.
HRA’s are an employer-funded health-benefits plan that reimburses employees for out-of-pocket medical expenses.
FSA’s allow you to put money aside for certain out-of-pocket healthcare costs, without having to pay taxes on these funds. Employers can make contributions to FSA accounts but are not required to.
The CIP Group works as an extended member of your business — acting as a single point of contact for employees to submit claims, view balances, and answer questions. No matter the size of your company, a dedicated account manager will help see you through!
You’ve got your employee’s backs, and we have yours. To simplify the HRA process, our talented team helps you do everything from administration to integration for all healthcare platforms and providers.
Also known as a Flexible Spending Account, FSA accounts help your employees put money aside for certain out-of-pocket health care costs. The CIP Group takes it one step further and assists you in elevating benefits while empowering your people to save on their healthcare costs!
There is no task that they won’t help with and are always there to help if an employee has any questions or issues that need to be resolved. I have worked with The CIP Group for years and will continue to work with them for many years to come.
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