Cafeteria Plan Administration Outsourcing (FSA/ HRA/ HSA)

Viaante is a leading provider of cafeteria plan administration outsourcing services such a FSA, HRA and HSA.
A Section 125 plan (Cafeteria Plan) is part of the IRS code that enables and allows employees to take taxable benefits, such as a cash salary, and convert them into non-taxable benefits. These benefits can be deducted from an employee’s paycheck before taxes are paid. Cafeteria plans are particularly good for participants who have regular expenses that are related to medical issues and child care.

Employees who are enrolled in a Cafeteria plan can set aside insurance premiums and other funds pretax, which can then go toward certain qualified medical and childcare expenses. Depending on where they live, participating employees can save from 20% to 40% in combined federal, state, and local taxes on a variety of items that they typically already purchase with out-of-pocket post-tax funds. Employers can save an additional 7.65% on their share of payroll taxes.

Health Savings Account (HSA)

Health Savings account (HSA) is a tax-advantaged account designed to help individuals save for medical expenses that are not reimbursed by high deductable health plans. HSAs can be used to pay for medical, dental, and vision care, as well as prescription drugs.

Viaante offers comprehensive solutions to optimize the management of Health Savings Accounts (HSAs), empowering your organization and employees to make the most of their healthcare savings. Our HSA operations services streamline account management, compliance, and user experience, ensuring seamless navigation of the complexities associated with HSAs.

Viaante offers the following administration services for HSA plans.

Account Administration: Outsourcing the administration of HSAs allows employers to focus on their core business activities. Services include account setup, contributions, withdrawals, and reporting. These services help reduce administrative burden and ensure accurate data management.
Enrollment: Providing resources and guidance to simplify the enrollment process for employees.
Claims Processing: Ensuring that the claims are adjudicated as per the policy. This helps prevent errors and ensures compliance with tax laws.
Customer support: Providing contact center assistance, allowing employees to get answers to questions related to reimbursements, account balances, and card status.
Educational Tools: Providing educational resources to employees. These tools/ guides help employees understand tax savings, eligible expenses, and how to maximize their HSA benefits.

Flexible Spending Account (FSA)

Flexible Spending Account (FSA): FSA is used to pay for medical and dental expenses not paid by the insurance, usually deductables, co-payments and coinsurances for the employee health plans. FSA can be also used to pay certain expenses to care for dependents when the legal guardian is at work. This includes child care under the age of 13 years and day care for individual of any age who is incapable of self-care.

Viaante specializes in providing comprehensive solutions for managing Flexible Spending Accounts (FSAs), offering your organization and employees the flexibility and convenience needed to navigate healthcare expenses effectively. Our FSA operations services streamline claims processing, compliance, and educational initiatives, ensuring a seamless FSA experience for all stakeholders.

Tailored FSA Management: Viaante customizes FSA operations to align with your organization’s unique needs, offering flexible plans that cater to diverse healthcare requirements. Our solutions empower employees to make the most of their FSA funds for qualified medical expenses.
Efficient Claims Processing: We streamline the submission and approval process, ensuring prompt reimbursement for eligible expenses. Our advanced claims management systems minimize errors, reduce administrative burdens, and enhance overall efficiency.
Educational Resources: Empower your workforce with knowledge. Viaante provides educational resources to help employees understand the benefits of FSAs fully. From informative materials to interactive sessions, we strive to enhance financial literacy surrounding healthcare.

Choose Viaante for FSA operations services that optimize flexibility, streamline claims processing, and empower employees to take control of their healthcare expenses.

Health Reimbursement Arrangements (HRA)

A health reimbursement arrangement (HRA) is an employer-funded plan that reimburses employees for qualified medical expenses and, in some cases, insurance premiums. Employers are allowed to claim a tax deduction for the reimbursements they make through these plans, and reimbursement dollars received by employees are generally tax-free

Viaante has expertise in managing and providing solutions for managing Health Reimbursement Arrangements. Our HRA operations focus on providing employee satisfaction and reducing your cost of operations. The services offered include:
Administration and Claims Processing: Managing day to day administration of HRA’s including verification of eligibility, Processing Claims and Managing documentation
Participant Communication and Support: Communication with HR participants providing information about account balances, eligible expenses and submission guidelines
Technology support: Support for integration of HRA with other employee benefits such as health insurance plans, retirement account and wellness plans

Cafeteria Plan Administration Outsourcing (FSA/ HRA/ HSA)