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Personal Health Spending Accounts.(FINANCIAL PLANNING)
- Article from:
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SaskBusiness
- Article date:
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April 1, 2008
- Author:
- Berg, Dale R.
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Copyright informationCOPYRIGHT 2008 Sunrise Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When jobs are plentiful, and people are scarce, employers need to be creative and unique in their employment offering in order to attract and retain quality people. In today's tight labour market, employees rank benefits very high when it comes to making their final employment decision of where it comes to making their final employment decision of where they would like to work. Personal Health Spending Accounts (PHSA) are becoming a popular way of adding value to the employment offering.
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A PHSA is established by an employer with a qualified trustee whereby the employer will systematically deposit funds for a medical reimbursement benefit of the ...