In an age where health insurance costs continue to rise at an alarming rate, ironically, many businesses are still not taking advantage of IRS-qualified options to reduce premium costs.

Attached is a 2012 break down of Flexible Spending Accounts, Health Reimbursement Arrangements, and Health Savings Accounts. All of these are designed to help fight rising health insurance premiums for small and large businesses.

FSA HRA HSA Breakdown – 2012

As you can see, each of these options are different in nature…all of which offer ways to help businesses with premium cost control. For more information about these IRS options, contact a New York health insurance broker.