For
employees and employers, deferred compensation has now come to encompass more
than just typical retirement plans. With the growing cost of health care and
insurance, Congress has expanded the number of options available to employers
and employees. Three of those options available to employers and employees are:
health reimbursement arrangements (HRAS), health savings accounts (HSAS), and
flexible spending accounts (FSAS). Here is a brief description of each to allow
both employers and employees sort through the sea of acronyms.
Memorable Quotes:
"It's
a funny thing about life; if you refuse to accept anything but the
best, you very often get it." - W.
Somerset Maugham (1874-1965) - British writer
"Failure
is only an opportunity to begin again more intelligently."
- Henry Ford (1863-1947) - American industrialist & inventor
"Today
is a new day. You will get out of it just what you put into
it..." - Mary Pickford (1893-1979)
Canadian actress & Academy Award winner
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Information provided in this publication is intended as general information only
and should be considered carefully for your own business situation before use.
This firm and any associated companies accept no responsibility or any form of
liability from reliance upon or use of its contents.
