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THE ONLY LINE OF CREDIT ATTACHED TO SPENDING ACCOUNTS IS OFFERED THROUGH LANE HEALTH, MAKING IT EASIER FOR EMPLOYEES TO ACCESS CARE AND SLEEP BETTER AT NIGHT

Through Lane Health’s unique tax-advantaged lending solution called the Advance* line of credit, members get access to credit, that upon approval, can be used for qualified medical expenses, making Lane Health the only account administrator through which such program is offered. Here’s how it works:

In the event an employee doesn’t have enough cash in their HSA to pay for a qualified healthcare expense, money is advanced* through Lane Health, and then the repayment AND fees are recaptured through the HSA, allowing for full pretax treatment, even with no contribution precommitment. 

ALL employees can have an HSA, not just those who make contributions - allowing everyone to sleep better at night knowing they have additional protection in the event of a large or unexpected healthcare expense. 

We support this solution with a strong national presence, a flexible and new technology infrastructure and experienced leadership. 

Our extensive product portfolio allows us to be the “go to” administrator for all spending account needs. In addition to our HSA and the Advance* line of credit we also offer through Lane Health: Flexible Spending and Dependent Care Accounts, HRAs and Commuter Benefits.  

And, now there’s even more available within our portfolio – Non-HSA lending*.

Employees with non-HSA eligible plans can be offered the Advance* line credit as well. The only difference is that repayment is on a post-tax basis.  

The differentiators speak for themselves below:

ü The line of credit* is funded through Lane Health with no risk to the employer.

ü The employer is not at risk for any employee defaults. 

ü Employees do not need to elect a contribution to be eligible for an Advance*.

ü No credit checks; it’s a more inclusive benefit.

ü A typical credit line* equal 2-4 weeks gross pay, with a minimum of $500. Repaid on a pre-tax basis via payroll deductions within a rolling 12-month period for HSAs.

ü If not in an HSA qualified health plan, repayments of Advances* are with after-tax payroll deductions, also over a 12-month period.

ü For those who want to invest, we offer robust investment opportunities. 

By implementing Lane Health’s solutions, we are confident employers will see Increased employee participation, engagement, and satisfaction. 

Through Lane Health, employees can have greater peace of mind with a unique, more affordable way to pay for their qualified healthcare expenses.

Lane Health’s Card with a Heart provides access to all your spending account needs and the Advance* line of credit.

Check out some additional resources at: CLICK HERE or the below additional materials related to Lane Health's solutions:

To learn more, reach out to your BenefitMall Sales Team, contact us at info@lanehealth.com or visit www.lanehealth.com.

 *Advances issued by WebBank.

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Additional Medical & Non-Medical Products

  • HSA/HRA