The AQuity 360 Blog Series – Part 6: Why does your Organization Need a 360 Degree View of their Benefits Plan?

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AQ Group Solutions is proud to present The AQuity 360 Blog Series as part of The AQuity 360 Program, helping you to avoid The Reactive Decision Trap. Read this series to see how your organization can build a human capital strategy that proactively aligns with your business strategy and goals.

Part 6:  Why does your organization need a 360 degree view of your benefits plan?

Most organizations focus on making strategic decisions that are long-term, in line with their mission and vision and center on organizational growth. These types of decisions are necessary in order to mitigate risk, harmonize organizational resources and act proactively as a company. Why should this process be any different when it comes to your benefits plan?

Health Spending Accounts – A Customized Benefit Solution for your Business

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How do you create a flexible benefits environment in a small business or provide an enhanced compensation strategy while limiting tax exposure?

A Health Spending Account (HSA) is an exciting, tax-advantaged vehicle which can bring more flexibility to your benefits strategy. The Health Spending Account is essentially a bank account for benefits. It allows the employer to provide employees with a pre-determined amount of credits that can be used for any eligible medical or dental expense.  The employee is reimbursed with pre-tax company dollars, which means your employees are using less after-tax salary for health care costs. In benefits surveys, Health Spending Accounts are highly ranked as a valued benefit by executives and employees. In addition, these plans are an essential tool for the business owners considering that any health or dental expense paid with after tax dollar could be a 100% deductible business expense using the HSA.