HSAs can be valuable to both employees and your company. Choosing to contribute to employees’ HSAs and providing information on how to use them can help attract and retain employees.
Health Savings Account (HSA)
Health Savings Accounts (HSA) allow participants to set aside dollars for qualified out-of-pocket health care expenses, up to a maximum contribution amount set by federal limits. It can only be used with a qualified High Deductible Healthcare Insurance Plan (HDHP). It is set up with a partner bank and the money in the account always stays with the employee. The dollars in the account are only available for reimbursement as they are funded.
When setting up an HSA with Advantage Administrators, not only are you allowed to set up an HSA account, but we also include at no additional charge
- Debit Cards
- Investment Options
- Online Access to HSA Accounts