Consumer-Driven Health Plans
Managing consumer-driven health plans (CDHP) doesn’t have to be complicated. We’re here to help simplify the process for you. We’ll take the stress out of managing flexible spending accounts, ensuring compliance, and keeping your employees happy with personalized benefit options.
What We Offer
Pre-tax flexible spending account options include:
- Medical Flexible Spending Accounts (FSA)
- Limited FSA (LFSA)
- Post-Deductible LFSA
- Dependent Care FSA
- Transit & Parking FSA
- Health Savings Accounts (HSA)
- Health Reimbursement Arrangement (HRA)
Tools for You & Your Team
Employer Portal
Your employer portal is a secure, HIPAA-compliant tool giving HR staff role-based access to reports, data updates, imports, and automated alerts, all in a user-friendly, self-service interface.
Effortlessly Manage Employee Benefits Plans
- Add or remove employees and update benefit selections easily
- Simplify enrollment and eligibility management
Comprehensive Tools
- Stay on top of account funding through scheduled contributions, ACH, or file-based submissions
- Generate detailed reports, including enrollment summaries, contribution records, and account balances
- Streamline workflows with automated notifications and powerful reporting features
Employee Portal
Give your employees a secure and convenient way to manage their accounts. This user-friendly portal simplifies benefits management, helping your team stay organized and informed.
Features
- Secure access to account balances and details
- Easy claim submissions with the ability to upload receipts for quicker reimbursements
- Safe storage for receipts tied to new or existing claims
Additional Features
- Direct deposit setup for faster, hassle-free payments
- Real-time notifications to keep employees up to date
- Clear access to account activity and details in one place
Mobile App
Your team can manage their benefits anytime with the MyPlans by CBIZ Mobile App. They can quickly check balances, save receipts, and submit claims from their mobile device.
Mobile App Features
- Easy access to account balances and details
- Quick claim submission and receipt uploads
- Barcode scanning to confirm eligible medical expenses
Additional Features
- Secure receipt storage for new or existing claims
- Direct deposit setup for faster, more convenient payments
- Text notifications to keep employees informed
- Simple access to account activity and details
Visa Debit Card
Give your employees hassle-free access to their funds with the CBIZ benefits debit card that allows them to pay for qualified expenses directly.
Medical FSA
Employees can access their full annual election amount for qualified expenses right from their eligibility date.
Dependent Care & Health Savings Account
Funds become available as contributions are deposited.
Parking & Transit
Commuter funds are available on the card as they are contributed to the plan. The IRS monthly plan maximum cannot be exceeded via card use.
HSA vs. FSA
HSA
An HSA is a savings account used with a high-deductible health plan (HDHP) to set aside pre-tax funds for qualified medical expenses.
Employees who are enrolled in an HDHP can enroll.
FSA
A pre-tax account for medical, dental, vision, or dependent care expenses.
Any employee, regardless of enrollment in the employer health plan can enroll.
HSA
Owner: Individual/employee
Contributor: Individual/employee
FSA
Owner: Employer
Contributor: Employee and/or employer
HSA
An employee-owned account — held at a qualified financial institution.
FSA
By the employer
HSA
Contributions are tax-free, interest and investment gains are tax-free, and withdrawals are tax-free when used for qualified medical expenses.
FSA
Deducted pre-tax; employer deposits and claim payments are tax-free.
HSA
Availability: Funds are available as contributions are made.
Roll Over: Yes
FSA
Availability: All funds are available at the beginning of the plan year (except Dependent Care, which is available after contributions are made).
Roll Over: It depends — if the plan includes a carryover, the IRS and employer determine the amount that can be rolled into the following year.
HSA
Yes
FSA
No
Simplify Testing
Non-Discrimination Testing
- Conducted annually for FSA and HRA
- Additional testing is possible if the employee group changes (e.g., shifts in highly compensated vs. non-highly compensated staff)
- Includes tests like the 25% concentration test, 55% average benefit test, and 5% owner test
Workforce Solutions
Discover tailored solutions crafted to simplify and enhance your workforce management.
