Consumer Spending Accounts
All consumer benefit spending accounts can be accessed through our single Card with a Heart
Health Savings Accounts
Employees covered by a qualified high deductible health plan can use an HSA to save and pay for healthcare in a triple tax advantaged manner. Contributions are tax free, withdrawals are tax free, and investment earnings are tax free.
Lane Health is an inclusive HSA. We support auto-enrollment and do not require an upfront contribution commitment, so employees are not left behind. With Lane Health, employees receive white-glove concierge customer service; we engage and educate at key teachable moments. Click here to learn more.
Employees also have access to our portal and mobile experience for information, tools and resources.
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Flexible Spending Accounts
FSAs allow employees in non-HSA qualified health plans to set aside pre-tax funds to pay medical expenses, saving on FICA, Federal and in many cases, state taxes.
LPFSAs allow employees in HSA qualified health plans to set aside pre-tax funds to pay dental and vision expenses, as well as medical expenses above the deductible. Employers can choose the expenses they would like to include.
Our Card with a Heart provides convenient auto-substantiation at point of sale, making transactions easy.
We integrate with health benefit carriers, so claims are automatically substantiated.
Employees receive white-glove concierge customer service; we engage and educate at key teachable moments. Click here to learn more.
Employees also have access to our portal and mobile experience for information, tools and resources.
Limited Purpose Flexible Spending Accounts
Allows employees in HSA qualified health plans to set aside pre-tax funds to pay dental and vision expenses, as well as expenses above the deductible. Employers can choose the expenses they would like to include.
Employees and employers receive the same superior customer service, tools, and technology as a Flexible Spending Account.
Employees save payroll withholding taxes (Federal, state, FICA); Employers save FICA taxes.
Dependent Care Spending Accounts
Allows employees to set aside pre-tax funds to pay qualified dependent care expenses, saving on FICA, Federal and in many cases, state taxes.
Dependent care expenses can be paid with our Card with a Heart or claims can be submitted through our portal.
Employees receive white-glove concierge customer service; we engage and educate at key teachable moments. Click here to learn more.
Employees also have access to our portal and mobile experience for information, tools and resources.
Employees save payroll withholding taxes (Federal, state, FICA); Employers save FICA taxes.
Commuter Benefits Spending Accounts
Allows employees to set aside pre-tax funds to pay qualified commuter and parking expenses, saving on FICA, Federal and in many cases, state taxes.
Commuter expenses can be paid with our Card with a Heart or claims can be submitted through our portal.
- Employees can elect identical or variable reimbursement amounts for up to 12 months.
- Employees can set up pre-tax payments (up to the commuter and parking limits) and automated post-tax payments for overages.
- Unused funds are automatically carried over to the next year if an employee continues to participate in the commuter program.
Our Card with a Heart can be used to purchase transit passes at hundreds of locations for bus, ferry, train, subway, van pools, Uber Pool, Lyft Line, and Via, in addition to parking locations.
Employees receive white-glove concierge customer service; we engage and educate at key teachable moments. Click here to learn more.
Employees also have access to our portal and mobile experience for information, tools and resources.
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Health Reimbursement Accounts
HRAs are spending accounts offered by employers to pay employee healthcare expenses not covered by their health plan.
Employers have flexibility to define the expenses that are covered.
Eligible healthcare expenses can be paid with our Card with a Heart or claims can be submitted through our portal.
Employees receive white-glove concierge customer service; we engage and educate at key teachable moments. Click here to learn more.
Employees also have access to our portal and mobile experience for information, tools and resources.
COBRA
- Lane Health partners with Benefits Analysis, Incorporated (BAI) to offer our clients the service levels and accuracy they have come to expect with Lane Health. In partnering with BAI, we are confident that our combined strengths in administering spending accounts and COBRA are unmatched.
- Employers and COBRA enrollees will be assured superior service from two of the most innovative experts in our respective fields. Our leadership team, in varying roles, has had the good fortune to work with and trust BAI for over 30 years. This is why we have chosen to partner with BAI. Best in class solutions can be offered that are convenient, worry-free and flexible to meet your needs.
- Our approach to COBRA provides accuracy, clarity, and efficiency. COBRA requires tracking qualifying events and timely notices to potential and current COBRA beneficiaries.
- We use a state of the art, automatic notification process to ensure timely notification and administration of COBRA benefits.
- We have designed an integrated process to support COBRA/Retiree Direct Bill requirements for Lane Health clients – we strive to ensure that implementation and account management is easy, flexible, and hassle free.
Lifestyle Spending Accounts
- Not every employee has the same lifestyle needs. The Lane Health Lifestyle Spending Account gives you the flexibility to allow employees to spend benefit dollars on the things that matter most to them.
- Offering a lifestyle spending account is an easy way for employers to reinforce their company culture, meet the market demand, and round out their benefits package.
- Employers simply elect to add the account to their benefit offering, designate the amount they would like to contribute per employee, and determine any limits for specific service types.
- Employees can then choose what best fits their lifestyle needs from a variety of flexible spending opportunities. They can access their funds on a convenient debit card or get reimbursed for purchases through check, direct deposit, or payroll.
