Non-Qualified Executive Medical Reimbursement Account Services
Non-Qualified Executive Medical Reimbursement plans are sometimes offered as a selective executive benefit programs. These plans, by their nature, do not qualify for tax-advantaged treatment. Therefore, they create a form of taxable cash compensation by reimbursing the executive for personal medical expenses not covered under the employer's standard health plans. These plans are sometimes utilized with boards of directors or in other special circumstances. Benesyst has the extensive knowledge and experience to successfully manage this type of "high-touch" account and provide your participants with the levels of customer service they expect.
Benesyst Non-Qualified Executive Medical Reimbursement Accounts feature:
- A web-based application that’s user-friendly and available 24/7
- Online submission of eligible expenses
- Easy reimbursement process via payroll file, direct deposit, or check
- Award-winning customer service that understands your company’s Executive Benefits program