Employees covered under a High Deductible Health Plan (HDHP) are eligible to participate in an HSA -- tax-advantaged savings and investment vehicle that offers three separate tax benefits:

 

• Contributions are pretax.    

• Withdrawals for qualified expenses are tax-free.    

• Earned interest on investment funds is tax-free.

 

HSAs have higher annual contribution limits, no use-it-or-lose-it rule, no limit on carryovers, and offer an investment option where earnings grow tax-free! Without the pressure to spend unused funds before year-end, employees are able to make better, smarter healthcare choices. And employers can minimize health insurance costs with HDHP and reduce FICA taxes. We offer full service and plan only HSAs.

 

TASC provides administration and value-added features to ensure optimal customer experience including:

 

• An investment account option with top-rated mutual funds.

• No transfer fees, distribution fees, or account closure fees. 

• Online plan management for the employer and employees.

• Employee education materials and documents available online.