(taxable spending account)
myWSA™ is a taxable spending account provided by employers to promote healthier lifestyles and employee satisfaction. As Wellness Accounts are taxable, they are extremely flexible. The only governing body over eligible items in the program is the employer. A Wellness Spending Account will typically encompass what the company believes are items that reward and incentivize their staff. There are many standard Wellness items, such as: daycare, gym memberships, vitamins, personal training, etc. With this plan, you can be as creative as you want when building it.
Read more about the different spending accounts we offer below to help you pick the right spending account for your client's needs:
A non-taxable alternative or supplement to a traditional benefits plan, offered on our completely digital platform. An HSA can be used to “carve out” infrequently used coverage such as orthodontics or vision care.
myFlex Plan allows an employee to select from the list of available options the benefits that best suit the employee’s needs based on their stage of life, and allocate their funds accordingly.
Inside the myDefined plan, the employer can drill down to the sub-item level and completely customize the non-taxable and taxable lists with category limits and yearly caps. myDefined also allows the option to allow funds pooled or per individual family member.