Health & Benefits Solutions for Plaintiff Law Firms

At Advocate Capital, we want to meet all your law firm's financial needs in one place. With our parent company, Pinnacle Financial Partners, we are offering Pinnacle | Health & Benefits savings and spending accounts. These accounts empower plaintiff law firms to provide comprehensive employee health and benefits packages. We understand the unique needs of plaintiff law firms, and our tailored accounts aim to support employers and employees in navigating the complexities of healthcare and financial wellness.

Types of Health & Benefits Accounts We Offer:

Health Savings Account (HSA):

1. Pre-tax Savings: Set aside funds on a pre-tax basis to cover qualified medical expenses designated by the IRS, including medical, dental, vision, hearing, and pharmacy costs.
2. Cost Efficiency: Lower overall healthcare costs by using pre-tax dollars to pay for deductibles and other qualified expenses.
3. Portability and Growth: HSA funds roll over year after year, accruing interest, and remain with the individual even if they change jobs or health plans. Once an account has reached $2,000, funds can be invested for long-term financial growth.

Flexible Spending Accounts (FSA):

1. Tax-Advantaged Budgeting: Budget for healthcare expenses with tax-deferred savings through employer-owned accounts.
2. Versatile Options: Choose from various FSA types, including Healthcare FSA, Limited Purpose FSA, and Dependent Care FSA, to suit different needs.
3. Use It or Lose It: While funds generally do not roll over, employers may offer grace periods or carryover options.

Health Reimbursement Arrangements (HRA):

1. Employer-Funded Plans: Employees are reimbursed tax-free for qualified medical expenses up to a fixed dollar amount determined by the employer.
2. Customizable Plans: Employers determine what expenses HRAs can cover, including medical, pharmacy, dental, or vision costs.

Commuter Accounts:

1. Pre-tax Commuting Expenses: Set aside pre-tax funds for eligible transportation and parking expenses related to work commutes.
2. Maximum Savings: Take advantage of IRS-defined maximum amounts for parking and mass transit costs.

Why Choose Pinnacle's Health & Benefits Solutions?

Dedicated Support: Access a designated account manager for personalized assistance via email or phone.

Employee Education: Our team helps educate employees on available accounts and benefits options.

Customized Guidance: Receive personalized guidance and support in navigating account options and administration.

Seamless Integration: Benefit from easy-to-understand employer and employee portals plus integration with HRIS systems for streamlined management.

Financial Insights: Leverage data analytics to empower employees and optimize financial wellness strategies.

Convenience: When you have more than one type of account (HSA, FSA, commuter, etc.), you can view them all in the online portal. Similarly, all account types are available on a "stacked" health and benefits debit card. Your single debit card "knows" which account to pull from for each transaction.

Reach Out to Begin Your Journey With Pinnacle | Health & Benefits!

Let us help you find the best Health & Benefits solution for your law firm. Call today toll-free at 1.877.894.9724 or contact us online to connect with our Health & Benefits expert and take the next step towards comprehensive health and financial wellness solutions for your law firm.