Health spending accounts built for real life. Further is a national leader in health spending account administration. With Further, you get the backing of an entire team dedicated to supporting you. Further delivers: A full suite of accounts, including health savings accounts (HSA), health reimbursement accounts (HRA), and flexible spending accounts (FSA), plus lower fees and higher interest rates.
For additional consumer directed health plan forms, please visit the Further website
Health Savings Account (HSA)
The Health Savings Account (HSA) is a financial account that is owned by an individual and associated with a Consumer Directed Health Plan (CDHP). Contributions can be made by employee, employer, or both to the account to pay for eligible medical expenses up to the IRS maximum allowed amount annually. With the HSA there is no “use it or lose it”, unused funds will rollover. The money in your HSA will earn interest tax free and investment options are provided for account balances over $1,000.
For more HSA reference information and to access HSA forms please visit the Further Website.
Voluntary Employee Beneficiary Association (VEBA)The VEBA Plans feature a Consumer Directed Health Plan (CDHP) that works along side a tax-exempt personal health account. This plan is offered through participating Minnesota Service Cooperatives and Blue Cross Blue Shield of Minnesota. It gives you a way to reduce your health care costs while allowing employees more control and choice in their health care usage. Simply put, we’ve created a health plan that works alongside a tax-exempt VEBA personal health account. The health plans feature a higher deductible, so premiums can be lower than traditional plan coverage. The interest-earning account is employer-funded and can be used to pay for qualified medical expenses until the deductible has been satisfied. Since the funds in the account are not taxed, your health care dollar goes farther. Also, the funds in the account will carry over from year to year.For VEBA CDHP reference information and forms please visit the Further Website.