Health & Welfare Plans

Pre-tax benefit plans for healthcare, dependent care, and commuting — administered end-to-end by NBS.

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TPA Services

What NBS does for your plans

Every Health & Welfare plan includes these core administration services — handled end-to-end by NBS.

Plan Design

Custom plan structures tailored to your workforce and organizational goals.

Plan Administration

Day-to-day management of enrollment, eligibility, and plan operations.

Claims Adjudication

Accurate, timely processing of employee claims and reimbursements.

Payroll Contribution Processing

Coordination with your payroll system for seamless pre-tax deductions.

Participant Services

Dedicated support for employees with questions about their benefits.

Non-Discrimination Testing

Annual compliance testing to ensure your plan meets IRS requirements.

Form 5500 Preparation and Filing

Complete preparation and filing of required annual returns.

Health & Welfare

Plans we administer

Every plan includes a dedicated Account Manager, IRS-compliant plan documents, compliance testing, and the NBS Debit Card where applicable. We administer 13 Health & Welfare plan types to cover every need.

Health Savings Account (HSA)

Save pre-tax. Spend tax-free. Keep it forever.

Triple tax-advantaged accounts for qualified medical expenses. Funds roll over year to year and stay with the employee.

  • Triple tax advantage
  • No use-it-or-lose-it
  • NBS Debit Card
  • IRS reporting handled by NBS
View plan details

Flexible Spending Account (FSA)

Pre-tax dollars for life's medical moments.

Pre-tax savings for healthcare and dependent care. Employees get full access to their annual election on day one.

  • Day-one full access
  • Health & dependent care FSAs
  • NBS Debit Card
  • Non-discrimination testing
View plan details

Health Reimbursement Arrangement (HRA)

Your employer covers it. You keep more.

Employer-funded reimbursement for medical expenses with fully customizable plan design.

  • 100% employer-funded
  • Tax-free reimbursements
  • Custom plan design
  • Fast online claims
View plan details

Dependent Care Assistance Plan (DCAP)

Pre-tax dependent care. Everyone wins.

Pre-tax reimbursement for childcare, after-school programs, and elder care under IRS Section 129. Reduces taxable income for employees and payroll taxes for employers.

  • Up to $7,500 pre-tax per year
  • Childcare, day camps & elder care
  • Non-discrimination testing by NBS
  • Fast online claims reimbursement
View plan details

Section 125 Premium Only Plans (POP)

Pay for benefits before taxes take their cut.

Lets employees pay insurance premiums with pre-tax dollars. Low administrative overhead, real tax savings for both sides.

  • Reduces FICA for employers & employees
  • IRS-compliant plan document included
  • Minimal admin burden
  • Layers with FSAs
View plan details

Limited Flexible Spending Account (LFSA)

Targeted coverage for dental and vision.

HSA-compatible FSA covering dental, vision, and preventive care expenses only — preserves HSA eligibility while offering additional pre-tax savings.

  • Compatible with HSA enrollment
  • Dental & vision expenses
  • NBS Debit Card
  • Grace period & carryover options
View plan details

Qualified Small Employer HRA (QSEHRA)

Healthcare reimbursement sized for small employers.

Small employers (fewer than 50 FTEs) reimburse employees tax-free for individual health insurance premiums and qualified medical expenses.

  • Under 50 FTE employers
  • No group plan required
  • Tax-free reimbursements
  • IRS annual limits
View plan details

Individual Coverage HRA (IC-HRA)

Defined contribution healthcare for any size employer.

Employers of any size reimburse employees for individual insurance premiums and medical expenses with no IRS cap.

  • Any employer size
  • Employee-chosen coverage
  • No annual IRS cap
  • Class-based contribution amounts
View plan details

Parking and Transit Plans (Commuter Plan)

Your commute just got a tax break.

Pre-tax benefits for parking and public transit. Monthly elections, NBS Debit Card, IRS limits adjusted annually.

  • Pre-tax commuting savings
  • Monthly election flexibility
  • NBS Debit Card
  • Real-time balance tracking
View plan details

Lifestyle Accounts

Benefits that fit the way your employees live.

Employer-funded accounts for wellness, fitness, personal development, and other lifestyle expenses defined by the employer.

  • Customizable expense categories
  • Wellness & fitness
  • Attracts & retains talent
  • Online claims portal
View plan details

Retiree Health Reimbursement Arrangement (Retiree HRA)

Healthcare coverage that continues into retirement.

Employer-funded reimbursement for retiree medical expenses including Medicare premiums, supplemental insurance, and out-of-pocket costs.

  • Covers Medicare premiums
  • Tax-free reimbursements
  • Custom plan design
  • Separate from active employee HRA
View plan details

Flexible Spending Account (FSA) with DCAP

Healthcare and dependent care in one plan.

Combined Health FSA and Dependent Care FSA under one Section 125 cafeteria plan with unified enrollment and compliance.

  • Combined Health FSA + DCAP
  • Separate elections and limits
  • NBS Debit Card
  • Non-discrimination testing
View plan details

ERISA WRAP Plan

One document. All your welfare plans. Compliant.

Consolidates all welfare benefits under a single ERISA plan document — one Form 5500 filing and one SPD for all wrapped benefits.

  • Single ERISA plan document
  • One Form 5500 filing
  • Unified SPD
  • Simplifies compliance
View plan details

Questions? We're here to help.

Whether you're an existing client, a participant with a question, or exploring NBS for the first time — our team is ready.