Tag: Sterling HSA

January-February 2011 Webinar Schedule

Consumer directed health plans – HSAs, HRAs and FSAs – will continue to be very popular in 2011. To help our producer partners and clients better understand the benefits, Sterling Health Services Administration is sponsoring a free series of webinars that you can access at your convenience. We also offer free webinars on COBRA, another administration service provided by Sterling.

Sign up today for any of the webinars listed below. Each is one hour long, including a Q&A session at the end. Just email Chris.Bettner@SterlingHSA.com with your email address and the date and time of the webinar(s) you want to join. Attendance is limited to the first 50 participants for each webinar. Note that all times are Pacific.

Sterling Webinar Schedule

Date

Time

Topic

January 18

10:00 am

HSA

January 20

1:30 pm

HRA

January 25

10:00 am

FSA

January 27

1:30 pm

COBRA

February 1

10:00 am

HSA

February 3

1:30 pm

HRA

February 8

10:00 am

FSA

February 15

10:00 am

HSA

February 17

1:30 pm

HRA

February 22

10:00 am

FSA

February 24

1:30 pm

COBRA

Chris Childs Joins Sterling HSA

We are pleased to formally announce Chris Childs has joined Sterling Health Services Administration!

Chris Childs, Vice President of SalesTexas resident Chris Childs has joined Sterling HSA to build our sales team and serve clients in the Midwest and Southwest. His team of sales representatives is responsible for expanding Sterling’s footprint in these key areas of the country.

Chris most recently worked for Humana as Regional Sales Director with responsibilities for 10 states. Prior to that, Chris worked for Ameritas and Cigna. His healthcare industry career spans nearly 20 years.

My decision to join Sterling was primarily the result of two compelling reasons. For one, the company’s vision and mission in the delivery of account-based programs is built upon a high-touch service model delivering outstanding customer service deeply rooted in education and expertise. Secondly, the integrity of founder Cora Tellez as well as the executive team is second to none within the benefits industry!”

Connect with Chris on LinkedInContact Chris Childs:
Chris.Childs@SterlingHSA.com
Mobile: 972.679.7556
Office: 800.617.4729 x251

Announcing Flexible Benefit Plans: Part Two

This post is Part Two of a three-part series on the topic of Sterling Health Services Administration‘s new Flexible Benefit Plans. Part Two focuses on advantages of Flexible Benefit Plans to employees and employers as well as why Sterling is a provider of choice. Part One, published August 9, 2010, introduces Flexible Benefit Plans. Part Three, to be published this week, addresses frequently asked questions regarding Flexible Benefit Plans.


Flexible Benefit Plans Advantages to Employees
Flexible Benefits Plans: Advantages for Employees

  • Using Flexible Benefit Plans–Healthcare FSAs, Dependent Care FSAs, and Transit/Parking benefits-employees can reduce their taxable income and use the income reduction to pay for qualified expenses that otherwise would have been paid with after tax dollars.
  • Tax savings to the employee include federal income tax, and in most jurisdictions, state and local income taxes. In addition, employees do not pay Social Security and Medicare tax (currently 7.65%) on the amount excluded from income.
  • Healthcare FSAs can be set up without a health insurance plan so more employees can participate.
  • Both employers and employees may contribute to the Healthcare FSA and Transit/Parking benefit. Only employees may contribute to the Dependent Care FSA. Employers cannot restrict the use of funds, even if they contribute. Use of funds is dictated by IRS code.

Flexible Benefit Plans Advantages to Employers

  • Benefit Savings: When salaries are reduced, the cost to the employer for benefits related to salaries may also decrease. The greatest savings to the employer is often the employer portion of Social Flexible Benefit Plans: Advantages for EmployersSecurity and Medicare, which currently equals 7.65% of each dollar of salary reduction (1.45% for those covered only by Medicare and not by Social Security).

Other salary-related benefits that may result in employer savings include the following:

  • Unemployment and workers compensation
  • Short and long term disability coverage
  • Life insurance
  • Pension – unless the pension statutes or ordinances are revised, the employer’s funding and the employee’s pension benefit in many plans will be based on the reduced salary.

Forfeitures: Employee forfeitures under the “use it or lose it” rule belong to the employer. Forfeitures can be returned to employees on a pro-rata basis, used to reduce employees’ future benefit costs, or applied to FSA administrative fees.

Why Sterling Health Services Administration?

  • Leaders: We’re a leading administrator of consumer directed healthcare services that put our clients in control of healthcare spending and in touch with resources to manage their money and their health.
  • Expertise & High Touch Service: We provide expert education and superior execution because we know theSterling Health Service Administration health insurance and financial industries. We provide high touch customer service online, on the phone and in person because we understand that our clients deserve it and want nothing less.
  • Compliance Specialists: We have the expertise to make sure benefits plans are fully compliant with industry and IRS regulations. Banks or other third party administrators operating under “unmanaged” models don’t do that. In short, we eliminate the worry by offering services only available from a company with expertise in health insurance and healthcare financing products.
  • One-stop Shop: Flexible Benefit Plans are part of our “one-stop” product suite so that brokers and employers can easily and conveniently get their health services administration needs met by one company – Sterling Health Services Administration.

Part One of this series was published August 9, 2010 and introduced Sterling Health Services Administration‘s new Flexible Benefit PlansPart Three, to be published this week, addresses frequently asked questions regarding Flexible Benefit Plans.