If you’re a business owner, figuring out how to reduce costs associated with employee healthcare benefits is probably a top concern.
One option might be to provide your employees with a High Deductible Health Plan (HDHP) along with a Health Savings Account (HSA).
HSAs are employee-owned savings accounts that can be established by individuals with a qualified employer-sponsored HDHP. The high deductible limits associated with these plans prevent most medical expenses, with the exception of preventative care, from being reimbursed. HSAs give employees the opportunity to be financially prepared for these expenses, and they offer several additional benefits for both employees and employers.
With all the savings opportunities and tax benefits available to both employers and employees, HSAs are pretty much win-win.
If you’re an employer looking to provide HSAs to your employees, IHMVCU can help. We offer competitive rates and a streamlined onboarding process so you don’t have to waste time tracking down employee account information.
VP, Business Development
(309) 793-6200 ext. 72175
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