Third-Party Benefits Administration Has Never Been Easier
Who is B3PA?
Composed of team members with years of experience in the industry. Unmatched administrative services are offered for benefit plans including Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) and COBRA. It is important to the B3PA team to provide the highest quality service to ensure you are receiving the best in the industry. We keep up with the most state-of-the-art technology and keep our customers in mind every step of the way which makes Third-Party Administration simple!
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Employee Benefits Plans
Health Savings Account (HSA)
HSAs are triple-tax advantaged: funds saved in the account are tax-exempt, interest and earnings gained in the savings account are tax-exempt, and payments made from the HSA for qualified expenses are tax-exempt. Participants own their individual HSAs, and they can travel with them from employer to employer, in retirement and during unemployment.
Consolidated Omnibus Budget Reconciliation Act - (COBRA)
The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss, reduction in the hours worked, transition between jobs, death, divorce, and other life events.
Flexible Spending Account FSA)
Flexible spending accounts (FSA’s) are one of a number of tax-advantaged financial accounts that can be set up through a cafeteria plan of an employer in the U.S.
An FSA allows an employee to set aside a portion of his or her earnings to pay for qualified expenses as established in the cafeteria plan, most commonly for medical expenses, but often for dependent care and other expenses.
Health Reimbursement Arrangement (HRA)
Health Reimbursement Arrangements (HRAs) can be complex, confusing and overwhelming. The team at B3PA is dedicated to making your HRA work for both employer and employee. To summarize, the HRA is an employer-sponsored plan that can be used to reimburse a portion of employees’ out-of-pocket medical expenses. The employer specifies a designated dollar amount to credit to the account monthly or annually.
5500 Reporting , NonDiscrimination Testing & Commuter Benefits
B3PA has a mobile app you can download from the Play Store and Apple Store to make life easier. Get yours today by clicking below.
Are You And Your Clients Needing Special Attention?
We pride ourselves on the quality of care and personal attention provided to our clients and partners. Let HR Service and B3PA assist you with your Benefits Administration needs. Don’t wait until you are overwhelmed. The time is now to choose your TPA! We will earn your trust, guaranteed!