Month: September 2024

Protecting your assets with commercial insurance is crucial when you own a business. A critical type of insurance you will need is employee health insurance. If you are based in or around Willow Grove, PA, and require employee health insurance, contact us at Daniel Fitzsimmons Agency. We have been serving local businesses for over four decades and anticipate working with you.

Healthcare can be costly, and as an employer, you have an obligation to assist your employees in maintaining their health and that of their families. There are numerous plans to choose from and several methods to help your employees manage their medical expenses. Some companies opt to offer health reimbursement accounts (HRAs).

HRA and HSA Accounts – Assisting Your Employees

HRAs are healthcare plans in which employers reimburse a portion of the medical expenses borne by their employees. The plan allows the employee to submit receipts for healthcare costs and be reimbursed by the company. Alternatively, some companies choose to assist their employees by reducing their tax liability. These savings are achieved through the use of Health Savings Accounts (HSAs).

Health Savings Accounts are funds designated to be deducted from an employee’s paycheck before taxes. Employees can then use this money to pay for healthcare expenses, resulting in less money being taken out of their checks for income tax.

Contact Us Today to Schedule an Appointment

Speaking with one of our agents about your insurance options can provide peace of mind. Businesses in Willow Grove, PA, who are in need of commercial insurance policies are invited to explore all their options with us at Daniel Fitzsimmons Agency. Our agents are equipped to provide you with a comprehensive range of insurance options. Schedule an appointment with us today, and let us identify your best options.