Health Savings Account (HSA)

An HSA is an individual health savings account which is owned by the employee and may be used for the payment of allowable current and future medical expenses. Individuals and/or employers can make pre-tax contributions in amounts equal to established limits.

HSA funds are fully vested and may be carried over from year to year, and HSAs are portable from employer to employer. HSAs must be used in conjunction with an HSA-Qualified High Deductible Health Plan (HDHP).

One of the most beneficial things to your employees is that the funds are not subject to taxation as the account grows, or when it is used to pay for eligible medical expenses.

An HSAs as part of Consumer-Driven Health Care allows your employees to stay Ahead of the Curve of their health care needs. Let Advanced Benefits Management show you how you can put them to work for you and your employees.