Keep more of the money you earn. Save up to 40% on your medical expenses and daycare costs. A Flexible Benefits Account through Discovery Benefits boosts your take-home pay and cuts your income taxes.
Take control. A Health Reimbursement Arrangement (HRA) is an employer-funded account. It covers eligible medical expenses and works with a High Deductible Health Plan (HDHP) and your Flexible Spending Account (FSA). Use the money to cover typical healthcare expenses. The HDHP kicks in to cover major health expenses.
Save thousands on healthcare. A Health Savings Account (HSA) is a pre-tax savings plan used with a High Deductible Health Plan (HDHP). You and your employer can deposit money to pay for medical insurance, deductible costs, co-insurance and more. The money is tax-free when you deposit it and when you withdraw it for qualified medical expenses. Funds roll over from year to year and because you own the account, the money goes with you if you change jobs. HSAs work together with FSAs or HRAs that are limited to dental and vision expenses.
Enjoy peace of mind when changing jobs. COBRA (Consolidated Omnibus Budget and Reconciliation Act) is a law requiring companies with 20 or more employees to continue your group health care coverage if you leave your job or get laid off.
Save on commuting costs! Set aside pre-tax money for qualified parking and transportation costs you incur for travel and parking so you can work. It’s a perk that can save you 40% or more.