Want worry-free healthcare solutions? We provide them for employers and employees. Allow us to assist you in reducing your insurance costs and adding depth to your employee benefits by considering our employee benefit offerings.
Fight rising health insurance costs
Decrease taxes and increase take-home pay
Offer depth and flexibility with employee benefits administration from Goldleaf Partners. We provide a variety of consumer-driven healthcare account solutions for clients.
24/7 web-based portal
Easy access to funds
Automatic monthly reports with email alerts
Choices for contributions: automated scheduling of lump sum, first-of-the-month, or payroll cycle
FSAs are one of a number of tax-advantaged financial accounts that can be set up through a cafeteria plan. An FSA allows employees to contribute funds to the plan on a pretax basis through payroll deductions. Since the contributions are not subject to payroll taxes, this can lead to substantial payroll tax savings for both the employee and the employer.
Goldleaf Partners’ FSA solution offers easy-to-use online forms, reports, and self-service portals that deliver high consumer satisfaction. Also, we can stack FSA accounts with HRAs and HSAs and manage them all through a single, secure, integrated portal.
Unsure what items are eligible for FSA dollar use? Utilize Health Shopper to know for sure and easily purchase the products you need, too.
Health Reimbursement Arrangements
Next, HRAs are employer-funded, tax sheltered accounts to reimburse employees for allowable medical expenses. Our HRA solution offers flexible benefit options to meet unique situations. For example, employers can stack HRA plans with FSAs to:
Cover more expenses
Offer an employer contribution
Customize eligible expenses, deductible, and reimbursement amounts and vary contribution amounts
Health Savings Account
Finally, HSAs are tax-advantaged savings accounts that are used in combination with a qualified High Deductible Health Plan (HDHP), offering employees an alternative way to manage their healthcare. Employees set aside a portion of their earnings – before taxes – into an account to help pay for medical expenses. HSA funds also belong to employees and can be carried over from year to year, so there is no use-it-or-lose-it stress.
As a result, HSAs essentially offer triple tax savings to employees:
Federal tax deductions on contributions
Tax-free growth on invested funds
Tax-free withdrawals for qualified medical expenses
In summary, our solutions can help employers save money on health insurance premiums by offering HSAs along with a qualified HDHP, in addition to adding depth to their employee health benefits and retirement plans with secure, FDIC-insured financial accounts.
Unsure what items are eligible for HSA dollar use? Utilize Health Shopper to know for sure and easily purchase the products you need, too.
When the IRS performs an audit, they find the answers to these questions for many businesses are “NO”. By simply letting Goldleaf Partners handle retirement and payroll plans, clients can rest easy knowing their answers are “YES”.
Is the plan definition of compensation for all deferrals and allocations used correctly?
Were employer matching contributions made to appropriate employees under the plan terms?
Were all eligible employees identified and given the opportunity to make an elective deferral?
Do participant loans meet the plan document and IRC Section 72(p) requirements?
Are elective deferrals limited to the IRC Section 402(g) limits for the calendar year?
Were employee elective deferrals deposited in a timely manner?