
HEALTH SAVING ACCOUNTs
A bank account with health benefits,
Boost employee benefits by offering Health Savings Accounts (HSAs) alongside qualified high-deductible health plans (HDHPs). HSAs provide tax advantages and help employees save on out-of-pocket medical costs like doctor visits and prescriptions.
HSAs can lower monthly premiums for employees, give them greater control over their healthcare spending, and offer valuable tax benefits for your business.
- Employees must be covered under a high-deductible health plan (HDHP)
- Can not be covered by any other health plan that is not a HDHP
- Employees are not enrolled in Medicare
- Routine physical exams, prescription drugs, dental treatment
- Eye exams, glasses, and eye surgery
- Hearing aids
- Hospital services, nursing services, lab fees
- Operations (excluding cosmetic surgery)
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Health Savings Accounts: should you open one?
