M&T Insurance Agency can help you build and maintain a robust benefits program.
In an ever-changing insurance environment, M&T Insurance Agency, Inc. has the tools to help you manage health care costs for employee benefits while enabling your employees to make their own health care choices.
Group Plan Administration Solutions
FSA – Flexible Spending Accounts
Also known as Section 125 plans, FSA accounts allow both the employer and/or employees to fund pre-tax dollars toward qualified medical or daycare expenses.
HRA – Health Reimbursement Arrangements
Also known as Section 105(h) plans, HRA accounts are pre-tax employer-funded accounts. Employers have flexible design options to round out their employee benefits offerings.
HSA – Health Savings Accounts
In conjunction with enrollment in a qualified High Deductible Health Plan (HDHP), HSAs provide a pre-tax vehicle. Both employers and/or employees may contribute toward these individually owned accounts. There are numerous additional benefits to these accounts such as investment options, rollover capabilities and educational resources.
Parking & Transit Reimbursement Accounts
Also known as Section 132 plans, Parking and Transit Reimbursement accounts allow both the employer and/or employees to fund pre-tax dollars toward qualified parking and commuting expenses.