Glossary - S
Salary Reduction PlanSee Cafeteria Plan
Schedule of FeesListing of fees related to an account that an accountholder could incur.
Section 125 PlanSee Flexible Spending Accounts
Spending AccountAccounts used to pay for qualified medical expenses and/or benefit expenses. Spending accounts normally include Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), Transit Spending Accounts (TSAs), and Dependent Care Accounts (DCAs).
SubstantiationThe procedure of providing proof of purchase for a healthcare claim (typically, receipts).
Suspended HRASpending account where the employee has elected to forgo health reimbursements for the coverage period. Suspended HRAs may be combined with HSAs depending on plan design.
Introducing UMB HSA Saver
UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.