Add to your benefits package to attract, retain and motivate talent by offering a Comerica HealthReserve account. Comerica understands the financial burden and complication of health care plans and that’s why we offer this flexible account. Lower your company’s overall premiums while giving your employees more freedom and choices with a Comerica HealthReserve account.
- For businesses
- Enjoy premiums that are typically 15%–25% lower than traditional plan premiums
- Contributions made by the business are tax deductible1
- Employee pre-tax contributions offered through a Section 125 Plan may reduce payroll taxes1
- May be eligible for tax credits on the health insurance premiums the business covers1
- For employees
- Contributions to the account are tax deductible, earnings on the account are tax free, and distributions are tax free if used for qualified medical expenses. No “Use it or lose it” provision. Balances at the end of the year roll over.1
- Long-term savings that can be used to pay for future medical expenses (pre and post-retirement)
- These accounts can be opened only by (1) roll over from another Health Savings Account or (2) if the individual is in a HSA qualified High Decuctible Health Plan.