This is a relatively new and innovative form of a group benefit plan alternative which companies can utilize.  Your Health Spending Account (HSA) is a tax-effective alternative to a group benefit plan and provides you with an additional choice for managing your employee health-related expenses. HSA healthcare plans differ from traditional insurance because you design your plan based on your budget and your needs ... and ... you never lose what you don’t use!

Essentially, your HSA works like a bank account. You basically agreed to an annual HSA amount per employee. The amount, in the form of credits, is given to your employees so they can draw upon these credits to reimburse their health-related expenses.

When utilizing “PSI eNet Benefits” for your group health benefit coverage, employers pay only for the benefits that they use.  In return, this allows for a lower benefit cost, lower administrative cost and a tax effective way to provide owner and employee group benefits.

Depending on the volume of your medical billings and claims your company makes, any portion of your unused funds could be refunded back to you at the end of the year, or carried over to the following year.  Instead of rising premiums, our plan implements a low fixed administration fee that’s only charged when a claim is processed.  We use only the most advanced medical claims software and process your claims daily, guaranteeing prompt reimbursement for your expenses.