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HSA - Health Savings Accounts
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:
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Contributions are pretax.
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Withdrawals for qualified expenses are tax-free.
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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 can 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.
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