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HSA, FSA, & HRA Benefits

HSA, FSA and HRA Benefits

Round Out Your Employee Benefit Package

Offering a strong benefit package is essential to attracting and retaining top employee talent. Nova's approach to partnership and service delivers customization, simplification, and unification to arm you with a robust benefits package. The options seem like an endless bowl of alphabet soup: FSA, DCA, QTA, LPFSA, HRA, ICHRA,VEBA, and HSA. We can help you get your letters in order. With Nova, you can customize complex plan designs, offer multiple plans on one card, manage your account through our Nova Flex app, and you’ll have access to a dedicated account management team.

Your Situation is Unique. Your Health Plan Should Be Too...

So how do you build a plan that doesn't frighten your employees but also helps manage cost? Here's the thing: it takes both member tools/support and employer education. Nova understands what your employees don't. Let us help clarify:


Flexible Spending Accounts (FSA) include medical, dependent care, adoption assistance, parking & transit, and limited purpose flexible spending account (LPFSA).

Employees can set aside pre-tax dollars for a variety of out-of-pocket health care costs and eligible expenses, such as parking, prescription eyewear, braces, and daycare through an FSA.


Health Reimbursement Arrangements (HRA), individual coverage health reimbursement arrangement (ICHRA), and Voluntary Employees' Benefit Association (VEBA) plans.

Owned and funded by the employer, HRA contributions are unlimited and can be coupled with an FSA. All funds used for eligible expenses are tax deductible for the employer.


Health Savings Accounts (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses; must accompany a High Deductible Health Plan (HDHP).

Employees can set aside pre-tax dollars for planned and/or unforeseen expenses. These funds carry over from year to year, as an HSA stays with an employee if they depart from the company, offering potential retirement benefits.

Lifestyle Benefits

Help employees invest in their physical and mental health. These extra perks can increase employee engagement and have a positive impact on recruitment and retention.

Employers determine the unique benefit structure that fits their population. Through employer contributions, employees receive a debit card to use toward a variety of recreation, fitness, health and wellness goods and services.

Learn About HSA, FSA and HRA

Not sure which reimbursement account is right for your employees? There’s a sea of options when it comes to designing your benefits solution, which is why we partner with you to understand your plan goals and help you get there.

Employee Benefit Services

Nova is committed to being a dependable partner in helping you achieve your unique goals. We provide our clients with knowledgeable customer service representatives who focus on meeting individual needs and ensuring the highest level of service.

The key to a successful reimbursement strategy includes employee education. Nova provides:

  • Employee communications
  • Timely reimbursement
  • Secure and accessible online benefits management
  • Nova Innovations Prepaid Visa®