Why Have an HSA?
Health Savings accounts make sense for employers. The benefits include:
Access to Health Insurance
High deductible plans and Health savings accounts put health insurance within reach for many small employers who couldn’t afford it previously.
Lower Premiums
An HSA-qualified high-deductible health plan typically offers significantly lower insurance premiums
Reduced Taxes
Contributions to the HSAs can be made with pre-tax dollars.
Predictable Health Care Plan Expenses
The employer can control their overall expense by balancing the premium cost and the employer contribution to the HSA
Additional Benefits for Employees
Premium savings can be shared with employees to assist in funding the health savings account.
Reduced and Improved Health Care Utilization
Employees enrolled in an HSA have an incentive to utilize wellness programs and more actively participate in medical decisions.
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