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Tax advantaged accounts (such as flexible spending accounts, health reimbursement arrangements and health savings accounts) can be used creatively by employers to achieve many different objectives. Often these accounts are used in conjunction with medical plans to allow employers with some funding and cash flow advantages. At other times, they are simply used as a supplement to cost effective medical plans available in the marketplace.

A more recent development has been clients using such accounts in an integrated fashion as part of their wellness and disease management programs, with the end goal of creating a healthier workforce. By properly aligning employee incentives for their fulfillment of certain activities proved to deliver a positive return on investment, employers can save money on medical claims and build a more engaged workforce.

Through accessing a platform where all administrative processes are processed in one spot, employees and employers can have the added benefit of calling one place for all of their needs. The administrative unit of Vincennes Insurance, Inc. delivers just such a solution to our clients, allowing them to focus more on their business and not predictable administrative processes.

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