Services
Advanced Flex Plan Administration with the Human Touch
EMPOWER’s Benefits Solutions Guide
EMPOWER’s Benefits Solutions Guide takes the guesswork out of benefits by providing a comprehensive synopsis of each plan type, as well as comparisons and sample scenarios.
FSA
Flexible Spending Account
A Flexible Spending Account allows employees to set aside pre-tax dollars from their paychecks to pay for eligible medical, dental, vision, and/or dependent care expenses.
LPFSA
Limited Purpose Flexible Spending Account
A Limited Purpose Flexible Spending Account reimburses only eligible dental and vision expenses only and is designed for participants currently enrolled in a Health Savings Account.
HSA
Health Savings Account
A Health Savings Account allows employees who are enrolled in a qualified high deductible health plan to contribute pre-tax funds to an employee-owned savings account.
POP
Premium Only Plan
A Premium Only Plan allows employee-paid health insurance premiums to be paid on a pre-tax basis.
Health Reimbursement Arrangements
HRA
Traditional Health Reimbursement Arrangement
A Health Reimbursement Arrangement allows Employers to provide funds for employees to pay qualified medical expenses not reimbursed by the Group Health Plan.
MERP
Medical Expense Reimbursement Plan
A Medical Expense Reimbursement Plan allows Employers to provide funds for employees to pay qualified medical expenses not reimbursed by the Group Health Plan. This is the only type of HRA that allows employees to also contribute.
SpHRA
Spousal Incentive Health Reimbursement Arrangement
A Spousal Incentive Health Reimbursement Account allows Employers to incentivize employees to switch to their spouse’s insurance.
QSEHRA
Qualified Small Employer Health Reimbursement Arrangement
Introduced in 2017, the QSEHRA allows small employers who do not provide a Group Health Plan to any employees to give funds to employees to purchase individual insurance or qualified medical items.
ICHRA
Individual Coverage Health Reimbursement Arrangement
Introduced in 2020, the Individual Coverage Health Reimbursement Arrangement allows all employers who do not provide a Group Health Plan to some or all employees to give funds to employees to purchase individual insurance or qualified medical items.
EBHRA
Excepted Benefit Health Reimbursement Arrangement
An Excepted Benefit Health Reimbursement Arrangement allows Employers to give employees funds to provide coverage for supplemental areas such as dental, vision, or pharmacy.
ROHRA
Retiree Only Health Reimbursement Arrangement
A Retiree Only Health Reimbursement Arrangement allows Employers to provide reimbursement to retirees for qualified medical expenses and/or supplemental premiums.
COBRA
COBRA Administration
EMPOWER administers COBRA for Employers who wish to allow employees to continue coverage after employment termination.
LSA
Lifestyle Spending Account
A Lifestyle Spending Account allows Employers to give employees funds to spend on health and wellness expenses.
CBA
Commuter Benefits Account
A Commuter Benefits Account allows employees to save on mass transit and parking expenses associated with their work commutes.
AAFSA
Adoption Assistance Flexible Spending Account
An Adoption Assistance Flexible Spending Account helps employees save on adoption expenses.
SSP
Spousal Surcharge Program
A Spousal Surcharge Program allows Employers to charge employees a tax-free surcharge for spouse’s enrolled in the Group Health Plan.
